Question: On January 1 , 2 0 2 7 , B . Lee Company purchased equipment for $ 5 5 0 0 0 . The company

On January 1,2027, B. Lee Company purchased equipment for $55000. The company is depreciating the equipment at the rate of
$720 per month. The book value of the equipment at December 31,2027 is:
$8640.
$46360
$55000.
$0.
On January 1,2027, B. Lee Company purchased equipment for $55000. The

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