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During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the companys accounting records: From the Income

During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the companys accounting records:

From the Income Statement

Depreciation expense $ 950

Loss on sale of equipment 3,600

From the Balance Sheet

Beginning equipment 19,100

Ending equipment 11,600

Beginning accumulated depreciation 1,910

Ending accumulated depreciation 1,800

No new equipment was bought during the period.

Required: 1. For the equipment that was sold, determine its original cost, its accumulated depreciation, and the cash received from the sale. (Use the equipment and accumulated depreciation T-accounts to infer the book value of the equipment sold.)

Cost of equipment sold:

Accumulated depreciation on sold equipment:

Cash received from sale:

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