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The company purchased $15,000 of equipment on January 1. The equipment has a three-year useful life and a $600 salvage value. The company uses the

The company purchased $15,000 of equipment on January 1. The equipment has a three-year useful life and a $600 salvage value. The company uses the straight-line method of depreciation. What is the balance in accumulated depreciation on March 31?

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