Hudson Landscaping Service bought equipment for $9,600 on January 1, 2019. It has an estimated useful life
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Question:
Hudson Landscaping Service bought equipment for $9,600 on January 1, 2019. It has an estimated useful life of five years and zero residual value. Hudson uses the straight-line method to calculate depreciation and records depreciation expense in the books at the end of every month. As of June 30, 2019, the book value of this equipment shown on the balance sheet will be
A. $9,760
B. $9,600
C. $8,640
D. $10,560
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