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Adjusting Entries: Depreciation
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Adjusting Entries: Depreciation
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3. Accrual Accounting Concepts / Adjusting Entries: Depreciation / Problem 8
Problem 8
A company purchased equipment for \$120,000. After 4 years, the accumulated depreciation is \$48,000. What is the net book value of the equipment?
A
\$96,000
B
\$48,000
C
\$120,000
D
\$72,000
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