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Omni Corporation's accumulated depreciationequipment account increased by $9,300 while $6,000 of patent amortization was recognized between balance sheet dates. There were no purchases or sales
Omni Corporation's accumulated depreciationequipment account increased by $9,300 while $6,000 of patent amortization was recognized between balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $7,000 from the sale of investments.
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