Business, 07.05.2020 01:57 andy963936

Equipment that cost $875,000 and had a book value of $390,000 was sold for $450,000. Data from the comparative balance sheets are: 12/31/18 12/31/17 Equipment $5,400,000 $4,875,000 Accumulated Depreciation 1,650,000 1,425,000 Equipment purchased during 2018 was:

a. $1,400,000.

b. $825,000.

c. $525,000.

d. $915,000.

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Equipment that cost $875,000 and had a book value of $390,000 was sold for $450,000. Data from the c...

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