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Mercury Company reports depreciation expense of $57000 for Year 2. Also, equipment costing $192,000 was sold for its book value in Year 2 There were

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Mercury Company reports depreciation expense of $57000 for Year 2. Also, equipment costing $192,000 was sold for its book value in Year 2 There were no other equipment purchases or sales during the year. The following selected information is available for Mercury Company from its comparative balance sheet. Compute the cash received from the sale of the equipment Year 2 Year 1 $695,000 $887,000 497,000 585,00 At December 31 Equipment Accumulated Depreciation-Equipment Multiple Choice $104,000 $47000 $57,000 Prey 18 of 18 Next > 08-06 2019/2/10 Multiple Choice $104,000 $47,000 $57,000 $44,000 $88,000

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