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The Smith Wesson Company owns $56,000 worth of Equipment on its Balance Sheet, and the Accumulated Depreciation Equipment account has a credit balance of $35,000.

The Smith Wesson Company owns $56,000 worth of Equipment on its Balance Sheet, and the Accumulated Depreciation Equipment account has a credit balance of $35,000. What is the net book value of the equipment?

$56,000 c. $35,000
$21,000 d. $91,000

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