Question
Equipment that cost $874000 and had a book value of $400000 was sold for $453000. Data from the comparative balance sheets are: 12/31/21 12/31/20 Equipment
Equipment that cost $874000 and had a book value of $400000 was sold for $453000. Data from the comparative balance sheets are:
| 12/31/21 | 12/31/20 | |
| Equipment | $5430000 | $4872000 |
| Accumulated Depreciation | 1656000 | 1460000 |
Depreciation expense for 2021 was a. $670000. b. $128000. c. $83000. d. $723000.
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Introduction To Data Analytics For Accounting
Authors: Vernon Richardson, Katie Terrell, Ryan Teeter
1st Edition
126406828X, 978-1264068289
