On January $1,2023,$ a company purchased equipment at a contract price of $$56,000.$ The company made a cash down payment

of $$6,000$ and signed a $3$ year, $6\%$ non$-$interest bearing note for the balance, due on December $31,2025.$ Interest is

compounded annually.

$1.$ The equipment account would be debited for what amount on January $1,2023?$

A$.$ $$48,000$

B$.$ $$47,040$

C$.$ $$42,000$

D$.$ $$41,000$

E$.$ $$45,920$