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On January 1, 2018, Wheeler, Inc. purchased some equipment for $3,900. The equipment had an estimated life of five years and an expected residual value

On January 1, 2018, Wheeler, Inc. purchased some equipment for $3,900. The equipment had an estimated life of five years and an expected residual value of $200. On July 1, 2020, the equipment was sold for $1,000. Wheeler uses straight-line depreciation. what ws the balance in the accumulated depreciation account prior to bringing the depreciation expense up to date before the disposal

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