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On January 1, the balance in the Equipment account was $20,080; on December 31, the balance was $16,819. The Income Statement reports Depreciation Expense of

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On January 1, the balance in the Equipment account was $20,080; on December 31, the balance was $16,819. The Income Statement reports Depreciation Expense of $1,928. During the year, $2,851 of equipment was purchased. What was the cost of the equipment sold during the year? A: 2270.9076 B: 2566.1256 C: 2899.7219 D: 3276.6857 E: 3702.6549 F: 4184

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