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83. During 2014, Node Co. sold equipment that had cost $294,000 for $176,400. This resulted in a gain of $12,900. The balance in Accumulated Depreciation
83. During 2014, Node Co. sold equipment that had cost $294,000 for $176,400. This resulted in a gain of $12,900. The balance in Accumulated Depreciation Equipment was $975,000 on January 1, 2014, and $930,000 on December 31. No other equipment was disposed of during 2014. Depreciation expense for 2014 was a. $45,000
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
