Equipment with a cost of $11,000 was sold for a loss of $1,000 at a time when its Accumulated Depreciation was $7,000. The Equipment account had a beginning balance of $20,000 and an ending balance of $50,000. The Accumulated Depreciation account had a beginning balance of $18,000 and an ending balance of $16,000. How much cash was received from the sale of equipment?

		A. $ 22,000
		B. $ 3,000
		C. $ 5,000
		D. $ 10,000

Using the same information: Equipment with a cost of $11,000 was sold for a loss of $1,000 at a time when its Accumulated Depreciation was $7,000. The Equipment account had a beginning balance of $20,000 and an ending balance of $50,000. The Accumulated Depreciation account had a beginning balance of $18,000 and an ending balance of $16,000. How much was the cost of equipment purchased during the year?

		a. $ 41,000
		b. $ 34,000
		c. $ 43,000
		d. $ 19,000

Using the same information: Equipment with a cost of $11,000 was sold for a loss of $1,000 at a time when its Accumulated Depreciation was $7,000. The Equipment account had a beginning balance of $20,000 and an ending balance of $50,000. The Accumulated Depreciation account had a beginning balance of $18,000 and an ending balance of $16,000. How much depreciation expense was reported during the year?

		a. $ 16,000
		b. $ 9,000
		c. $ 5,000
		d. $ 2,000