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A)Calculate TOTAL depreciation expense for 2020 B)Determine the Cost of Equipment purchased on 4/1/2020 Equipment Accumulated Depreciation-Equip Building Accumulated Depreciation -Building 2020 $140,000 (40,000) 220,0000

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A)Calculate TOTAL depreciation expense for 2020

B)Determine the Cost of Equipment purchased on 4/1/2020

image text in transcribed

Equipment Accumulated Depreciation-Equip Building Accumulated Depreciation -Building 2020 $140,000 (40,000) 220,0000 (50,000) 2019 $120,000 (30,000) 220,000 (40,000) 1. 2. 4/1/2020 Purchased Equipment Equipment costing $8,000 sold for $5,000, resulting a loss of $2,000. Equipment costing $4,000 sold for $3,000, resulting in a gain of $1,000 3. A. B. Calculate TOTAL Depreciation Expense for 2020. Determine the cost of Equipment Purchased on 4/1/2020. 1 o Equipment Accumulated Depreciation-Equip Building Accumulated Depreciation-Building 2020 $215,000 (70,000) 250,0000 (70,000) 2019 $175,000 (49,000) 250,000 (50,000) 1. 2. 3/1/2020 Purchased Equipment Equipment costing $40,000 sold for with a book value of $31,000 was sold for $37,000 cash. A. Calculate Total Depreciation Expense for 2020 B. What is the cost of Equipment Purchased on 3/1/2020? 2 O SI * Do 5 6 3 9

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