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Melon Amusements operates amusement parks in the United States and Canada. During 2018, it reported the following (in millions): $ 10 257 From the income
Melon Amusements operates amusement parks in the United States and Canada. During 2018, it reported the following (in millions): $ 10 257 From the income statement Loss on sale of equipment Depreciation expense From the balance sheet Equipment, beginning Equipment, ending Accumulated depreciation, beginning Accumulated depreciation, ending 1,825 1,895 1,695 1,900 Equipment costing $224 was purchased during the year. Required: For the equipment that was disposed of during the year, compute the following: (a) its original cost, (b) its accumulated depreciation, and (c) the cash received from the disposal. (Enter your answers in millions.) $ in million (a) Original cost of equipment sold (b) Accumulated Depreciation-Equipment (c) Cash Received from Sale
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