During the 2020 calendar, Laertes Corp. sold equipment for $70,000. The equipment had cost $100,000 and
had a book value of $52,000 at the time of sale. Data of its comparative financial statements
position are:

                                          Dec/31/20 Dec/31/19
Equipment $                       720,000 $650,000
Accumulated Depreciation 210,000 190,000
Instructions
1. Determine Laertes depreciation for 2020.
2. Determine equipment purchased during 2020.