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During 2004, equipment was sold for $195,000. The equipment cost $315,000 and accumulated depreciation written off with the equipment was $135,000. Accumulated depreciation on the
During 2004, equipment was sold for $195,000. The equipment cost $315,000 and accumulated depreciation written off with the equipment was $135,000. Accumulated depreciation on the equipment was $860,000 at 12/31/03 and $920,000 on 12/31/04. Depreciation expense for 2004 was: (Show your work)
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