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Maxwell Tax Planning Service bought communications equipment for $ 10 comma 200$10,200 on January 1, 2019. The equipment has an estimated useful life of five
Maxwell Tax Planning Service bought communications equipment for
$ 10 comma 200$10,200
on January 1, 2019. The equipment has an estimated useful life of five years and zero residual value. Maxwell uses the
straightminusline
method to calculate depreciation and records depreciation expense in the books at the end of each month. As of June 30, 2019, the balance in the Accumulated Depreciation account for this equipment is ________.
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