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Equipment that cost $300,000 and had a book value of $156,000 was sold for $180,000. Data from the comparative balance sheets are:

Equipment that cost $300,000 and had a book value of $156,000 was sold for $180,000. Data from the comparative balance sheets are:
                12/31/08                12/31/07
Equipment               $2,160,000             $1,950,000
Accumulated Depreciation 660,000               570,000
Depreciation expense for 2008 was
A) $258,000.
B) $234,000.
C) $54,000.
D) $36,000.

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