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Office furniture was purchased for $28,000. It had an estimated residual value of $4,000 and has a current carrying value of $12,000. Its depreciable cost

Office furniture was purchased for $28,000. It had an estimated residual value of $4,000 and has a current carrying value of $12,000. Its depreciable cost must have been

A. 30,000

B. 24,000

C. 18,000

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