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Company reports the following information for 2020. 12/31/2019 (net) Equipment Account Balance = $200 12/31/2020 (net) Equipment Account Balance = $185 Equipment depreciation expense was
Company reports the following information for 2020.
- 12/31/2019 (net) Equipment Account Balance = $200
- 12/31/2020 (net) Equipment Account Balance = $185
- Equipment depreciation expense was $40 for 2020.
- 49er purchased $60 of Equipment by issuing a note.
- 49er sold (net) equipment of $95 and reported a loss on the sale for $15.
- All other equipment related transactions were cash transactions.
Provide the cash purchase and sale of equipment for 2020.
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