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On January 1, 2019, Masters and Masters Company purchased equipment for $30,000. The company is depreciating the equipment at the rate of $700 per month.

On January 1, 2019, Masters and Masters Company purchased equipment for $30,000. The company is depreciating the equipment at the rate of $700 per month. The book value of the equipment at December 31, 2019 is

Select one:

a. $21,600.

b. $0.

c. $30,000.

d. $8,400.

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