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Q#25 Strict Company, a service provider provides all services to customers on account and purchases 100% of its supplies on account from vendor, Stable Company.

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Q\#25 Strict Company, a service provider provides all services to customers on account and purchases 100% of its supplies on account from vendor, Stable Company. Strict provides you with the following select account balances all of which are normal: Q\#27 Utilize the QH25 facts, consider that Strict reported depreciation expense of $112,000 for 20X9. Also consider that during 20X9 Strict (i) made no new purchases of equipment and (ii) sold one item of equipment, with an original cost of $55,000. What was the selling price for the equipment sold during 209 ? A. $51,000 B. $59,000 C. $37,000 D. $22,000 E. $14,000

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