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Co. has an equipment with a cost of $40,0000, a carrying amount of $24,000, and a fair value of $30,000. If the Palestine Co. chooses
Co. has an equipment with a cost of $40,0000, a carrying amount of $24,000, and a fair value of $30,000. If the Palestine Co. chooses to adopt the revaluation model, the balance of the accumulated depreciation account after the recorded entry is:
Select one:
a. 16000
b. 30000
c. 28000
d. 20000
quickly please
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