Which of the following best describes the central purpose of financial accounting? Financial accounting helps reduce information imbalances between company insiders and company outsiders. Financial accounting is catered to all user groups, including managers, tax authorities, and investors. Financial accounting helps managers keep track of company finances. Financial accounting helps account for the flow of cash between companies and customers Question 23 1 pts Rublev Company purchased equipment for $50,000 on January 1, 2023. The company determined that the yearly depreciation expense is $5,000. What will be the book value of this equipment on December 31,2024 , after adjusting entries have been made? $40,000 $10,000 $45,000 $50,000