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Heffley Ltd had the following information from the balance sheet for the year-ended Dec 31 2021 2020 Equipment 409,000 390,000 Accumulated Depreciation - Equipment 114,000

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Heffley Ltd had the following information from the balance sheet for the year-ended Dec 31 2021 2020 Equipment 409,000 390,000 Accumulated Depreciation - Equipment 114,000 88,000 Investments 64,000 72,000 Other information: Equipment was purchased during the year for $35,000 cash. Equipment was sold for cash during the year. The original cost of the equipment was $16,000, and the accumulated depreciation was $7,000 The income statement shows a gain on sale pf PPE of $2,000. Investments with were sold for their book value during the year. No investments were purchased. Cash paid for PPE Choose... - Cash received on sale of PPE Choose... Cash paid for investments Choose... - Cash received on sale of investments Choose... What was the depreciation expense? Choose

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