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Given the following information calculate the equipment's carrying amount under the cost model. Purchase price Depreciation expense Accumulated depreciation $27,700 Appraisal value equipment $44,200 $56,700

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Given the following information calculate the equipment's carrying amount under the cost model. Purchase price Depreciation expense Accumulated depreciation $27,700 Appraisal value equipment $44,200 $56,700 $2,000 Equipment's carrying amount

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