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On Dec 31, 2020, Equipment is 4 years old, and is shown at a value of $60,000 on the balance sheet. It was purchased for

On Dec 31, 2020, Equipment is 4 years old, and is shown at a value of $60,000 on the balance sheet. It was purchased for $108,000. How much will the equipment be in the accounting records as of Dec 31, 2022

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