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QUESTION

On January 1, 2009, E. Reardon Inc. purchased equipment for $45,000. The company is depreciating the equipment at the rate of $600 per month.

On January 1, 2009, E.D. Reardon Inc. purchased equipment for $45,000. The company is depreciating the equipment at the rate of $600 per month. At January 31, 2010, the balance in Accumulated Depreciation is

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