ring2020 - Section 2 On January 1, 2019, ABC Company purchased equipment for $ 60,000. The company is depreciating the equipment at the rate of 1,500 per month. The book value of the equipment under straight-line method at October 31, 2019 is Select one c a. 58,500 b. 43,200 OIC 45.000 O d. 15,000