White Co. purchased equipment on July 6,20X7 for $96,000. The equipment has an estimated salvage...

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Accounting

White Co. purchased equipment on July 6,20X7 for $96,000. The equipment has an estimated salvage value of $4,000. The estimated output that the equipment is expected to provide is 25,000 units. White Co. uses the units of output depreciation method. During 20X7,2,500 units were produced. During 20X8,3,200 units were produced. What was the book value of the equipment on December 31,20X8?
a. $96,000
b. $75,024
c. $20,976
d. $74,112

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