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6. On January 1, 2015, Murphy Inc. purchased equipment for $38,400. The company is depreciating the equipment at the rate of $800 per month. At
6. On January 1, 2015, Murphy Inc. purchased equipment for $38,400. The company is depreciating the equipment at the rate of $800 per month. At January 31, 2016, the balance in Accumulated Depreciation is $800. $9,600. c. $28,000. d. $10,400. 1, 2015 1, 2016 Cost 38,400 a 600 8 1/1 2015 14206
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