Question
Accumulated Depreciation on January 1, 2020 was $34,000 and on December 31, 2020, it was $39,000. During the year, equipment that originally cost $22,000
Accumulated Depreciation on January 1, 2020 was $34,000 and on December 31, 2020, it was $39,000. During the year, equipment that originally cost $22,000 was sold for $20,000. The equipment had $10,000 of depreciation tied to it. What amount would be added to Operating Activities for Depreciation for 2020? A. $5,000 B. $19,000 C. $10,000 D. $15,000
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
5th edition
978-1259728877, 1259728870, 978-1259565403
