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On January 1 , 2 0 2 2 , Pharoah Company purchased equipment for $ 6 6 9 6 0 . The company is depreciating

On January 1,2022, Pharoah Company purchased equipment for $66960. The company is depreciating the equipment at the rate of $930 per month. The book value of the equipment at December 31,2022 is:
O $0.
$55800.
0$66960.
$11160.

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