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The King Company purchased equipment on May 1, 2023 for $13,800 and expects that it will be useful for five years at which time it

The King Company purchased equipment on May 1, 2023 for $13,800 and expects that it will be useful for five years at which time it could be sold for $1,500. What is the balance of accumulated depreciation at the end of 2024? Enter as a positive number.

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