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Belvedere Corporation had a balance in its Equipment account on January 1 , Year 2 of $ 3 3 2 , 2 0 0 .

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Belvedere Corporation had a balance in its Equipment account on January 1, Year 2 of $332,200. During the year, equipment originally costing $88,600 and having Accumulated Depreciation of $22,000 was sold for $68,600. The ending balance of the Equipment account was $288,200. How much did the company spend to purchase additional equipment during Year 1?
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$22,000
$44,600
$88,600
$90,600
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