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During 2025, Cullumber Co. sold equipment that had cost $414000 for $236000. This resulted in a gain of $16600. The balance in Accumulated Depreciation-Equipment

During 2025, Cullumber Co. sold equipment that had cost $414000 for $236000. This resulted in a gain of $16600. The balance in Accumulated Depreciation-Equipment was $1310000 on January 1, 2025, and $1230000 on December 31, 2025. No other equipment was disposed of during 2025. Depreciation expense for 2025 was O $274600 O $114600 O $96600 O $80000

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