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On January 1, 2009, Grates Inc. purchased equipment for $30,000. The company is depreciating the equipment at the rate of $400 per month. At
On January 1, 2009, Grates Inc. purchased equipment for $30,000. The company is depreciating the equipment at the rate of $400 per month. At January 31, 2010, the balance in Accumulated Depreciation is Oa. $24,800. O b. $4,800. O c. $5,200. O d. $400.
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