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On January 1, 2018, Red Inc. purchased equipment using the straight-line method 66.000 delivery equipment for $88,000. The equipment's estimated residual value is $8,000, and

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On January 1, 2018, Red Inc. purchased equipment using the straight-line method 66.000 delivery equipment for $88,000. The equipment's estimated residual value is $8,000, and its estimated useful life is 8 years. On December 31, 2020, what was the net book value of the depreciation? O 55,000 O 68,000 O 58,000

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