Question
Equipment that cost $935,000 and had a book value of $390,000 was sold for $450,000. Data from the comparative balance sheets are: 12/31/21 12/31/20 Equipment
Equipment that cost $935,000 and had a book value of $390,000 was sold for $450,000. Data from the comparative balance sheets are:
12/31/21 12/31/20
Equipment $5,400,000 $4,875,000
Accumulated Depreciation 1,650,000 1,425,000
Depreciation expense for 2021 was
| $770,000. | ||
| $710,000. | ||
| $135,000. | ||
| $90,000. |
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Financial Accounting
Authors: Anne Britton, Chris Waterston
4th Edition
0273703609, 978-0273703600
