on 23 of 33 ew Policies 0 -12 = Current Attempt in Progress On Nov 2,2020, Concord Company purchased equipment with $54000 cash. The equipment has an estimated salvage ved $5000, an estimated life of 7 years, and is depreciated by the straight-line method. Use the following tabular analysis to determine the book value of the equipment at December 31, 2022 Assets Liabilities Stockholders' Equity Accumulated Common Retained Earnings Cash + Equipment Depreciation +Stock Rex-Exp-D Dec. 31 bal. 54000 7000 O $34600. O $47000. O $40000. O $54000. Attemots