Your answers are saved automatically. Remaining Time: 56 minutes, 27 seconds. Question Completion Status: 1 25 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 30 27 28 31 2 32 33 34 35 36 37 A Moving to another question will save this response. Question 31 of 37 Question 31 3 points Save Answer On July 1, 2020. ABC Corporation purchased equipment costing $6,000. ABC Corporation records depreciation expense for the equipment at the rate of $200/month. What is the net value (or book value) that ABC Corporation will report for the equipment on its December 31, 2020 balance sheet? Moving to another question will save this response. Question 31 of 37 >> MacBook Air 80 *** + II 2 F9 DOD F4 F5 F6 F7 F8 F9 F10 FI F12 1 #3 $ 4 % 5 & 7 i 9 ) 0 22 6 8