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During 2020, Bramble Corp. sold equipment that had cost $411000 for $234400. This resulted in a gain of $16600. The balance in Accumulated Depreciation-Equipment
During 2020, Bramble Corp. sold equipment that had cost $411000 for $234400. This resulted in a gain of $16600. The balance in Accumulated Depreciation-Equipment was $1330000 on January 1, 2020, and $1250000 on December 31. No other equipment was disposed of during 2020. Depreciation expense for 2020 was $217800. $113200. $96600. $80000.
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
