During 20X0, Time & Tenders Co. sold equipment that had cost $206,000 for $127,600. This resulted in a gain of $9,600. The total balance in accumulated depreciation-equipment was $660,000 on January 1 20X0, and $630,000 on December 31. No other equipment was disposed of during 2010. Depreciation expense for 2010 was Selected Answer: Correct $58,000 Answers: Correct $58,000 $38,600 $59,600 $101,000