Question
Equipment that cost $874000 and had a book value of $391000 was sold for $448000. Data from the comparative balance sheets are: 12/31/21 12/31/20 Equipment
Equipment that cost $874000 and had a book value of $391000 was sold for $448000. Data from the comparative balance sheets are:
| 12/31/21 | 12/31/20 | |
| Equipment | $5370000 | $4868000 |
| Accumulated Depreciation | 1656000 | 1490000 |
Depreciation expense for 2021 was
$706000.
$649000.
$132000.
$87000.
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Advanced Financial Accounting An International Approach
Authors: Jagdish Kothari, Elisabetta Barone
1st Edition
0273712748, 978-0273712749
