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On January 1, 2021, Pharoah Company purchased equipment for $31000. The company is depreciating the equipment at the rate of $1240 per month. At January

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On January 1, 2021, Pharoah Company purchased equipment for $31000. The company is depreciating the equipment at the rate of $1240 per month. At January 31, 2022, the balance in Accumulated Depreciation is: S1240 debit. $16120 credit, $14880 credit 576880 debit

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