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On January 1, the balance in the Equipment account was $19,116; on December 31, the balance was $15,899. The Income Statement reports Depreciation Expense of

On January 1, the balance in the Equipment account was $19,116; on December 31, the balance was $15,899. The Income Statement reports Depreciation Expense of $2,046. During the year, $3,117 of equipment was purchased.

What was the cost of the equipment sold during the year?

A: 1955.8046 B: 2288.2914 C: 2677.3009 D: 3132.4421 E: 3664.9573 F: 4288

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