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Maxwell Tax Planning Service bought communications equipment for $ 11,400 on January 1, 2019. The equipment has an estimated useful life of five years and
Maxwell Tax Planning Service bought communications equipment for $ 11,400 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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