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At the end of its first year, the trial balance of Eaton Company shows Equipment $30,000 and zero balances in Accumulated Depreciation?Equipment and in Depreciation Expense ?Equipment. Depreciation for the year is estimated to be $6,000.

After the adjusting entries have been posted to the "T" accounts, how will the equipment account balance be presented on the balance sheet?

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Category:- Accounting Basics
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