Required information During the year, Able Company sold some excess equipment. The following information was collected from the company's financial statements: From the income statement Depreciation expense Loss on sale of equipment $500 4,000 From the balance sheet Beginning Equipment Ending Equipment Beginning Accumulated Depreciation Ending Accumulated Depreciation 12,500 6,500 2,000 2,200 No new equipment was bought during the period. For the equipment that was sold, determine its accumulated depreciation