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Question 15 Equipment that cost $870000 and had a book value of $391000 was sold for $445000. Data from the comparative balance sheets are: 12/31/18

Question 15

Equipment that cost $870000 and had a book value of $391000 was sold for $445000. Data from the comparative balance sheets are:

12/31/18 12/31/17

Equipment $5480000 $4870000

Accumulated Depreciation 1650000 1450000

Equipment purchased during 2018 was

a) $610000.

b) $910000.

c) $820000.

d) $1480000.

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