On January 1, 20X0 Burden company purchased a new piece of equipment for $44,000. They estimate that the equipment will last about 10 years and then be worth $4,000. The accumulated depreciation account at the end of 20X2 (the third year) would have a balance of: Multiple Choice $900

$8,000

$ 12,000

$ 4,000

Some other number

On January 1, 20xo Burden company purchased a new plece of equipment for $44,000. They estimate that the equipment will last about 10 years and then be worth $4,000. The accumulated depreciation account at the end of 202 (the third yearf would have a balance of: Nultiple Choice 5900 $8,000 $12,000 $4,000 Some other number