Question: Determining Missing PPE Amounts At the beginning of the fiscal year, Barclays Inc. had equipment with a book value of $160,000 and $64,000 in accumulated depreciation. During the year, equipment costing $30,000 with a book value of $1,000 was sold for $7,000. The ending balance of the equipment book value account equaled $220,000 and accumulated depreciation at the end of the fiscal year was $80,000. The total amount of equipment purchased during the fiscal year is: a. $44,000. b. $97,000. c. $60,000. d. $106,000. Answer: d