Q$17$: Magenta Company reports depreciation expense $($for the twelve months ended $\frac{12}{31}\frac{?}{20x3})$ in the amount of $$55,000.$ Magenta Company bought no new equipment during $20$X$3$ and disposed of a single item of equipment, correctly recording a gain on asset disposal in the amount of $$4,000.$

$\backslash$table$[[$Aa of December $31,20x2,20x3$