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Scarlett Enterprises purchased no Property. Plant, or Equipment in 2020. Scarlett Enterprises sold one piece of Equipment in 2020. . Depreciation Expense for the year
Scarlett Enterprises purchased no Property. Plant, or Equipment in 2020. Scarlett Enterprises sold one piece of Equipment in 2020. . Depreciation Expense for the year was $25.000 The Equipment was sold for $5,000 There was a loss of $5,000 on the sale. 2019 2020 Property, plant, and equipment $150,000 X Accumulated depreciation 85.000 90,000 What is the balance of Property, Plant, and Equipment for 2020? O $130,000 O $140.000 $145.000 O $120.000 O $125.000
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