Knowledge Check

The equipment and the accumulated depreciation accounts began the year with balances of $$52,500$ and $$14,200,$ respectively. During the year, $$22,000$ of equipment was budgeted for purchase for cash, equipment costing $$6,800$ with accumulated depreciation of $$4,100$ was expected to be sold for $$3,200,$ and budgeted depreciation expense was $$2,400.$ How much is reported on the budgeted balance sheet for equipment and accumulated depreciation?

Equipment

Accumulated depreciation

$

$

$$

$$

$$

Attempts: $0$ of $3$ used $$