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On January 1, 2017, Vaughn Manufacturing purchased equipment for $55080. The company is depreciating the equipment at the rate of $770 per month. The book

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On January 1, 2017, Vaughn Manufacturing purchased equipment for $55080. The company is depreciating the equipment at the rate of $770 per month. The book value of the equipment at December 31, 2017 is: O $45840. $55080. O $0 $9240

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