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Multiple Choice Question 119 On January 1, 2017, Blue Spruce Corp. purchased equipment for $62640. The company is depreciating the equipment at the rate of

Multiple Choice Question 119

On January 1, 2017, Blue Spruce Corp. purchased equipment for $62640. The company is depreciating the equipment at the rate of $870 per month. The book value of the equipment at December 31, 2017 is:

$52200.

$10440.

$62640.

$0.

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