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Harrison Manufacturing purchased equipment on October 1, 2018 for $120,000. It is estimated that the equipment will have a $30,000 salvage value at the end

Harrison Manufacturing purchased equipment on October 1, 2018 for $120,000. It is estimated that the equipment will have a $30,000 salvage value at the end of its 5-year useful life. Using the straight-line method of depreciation, the carrying value of the equipment on December 31, 2019 would be?

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