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Select Manufacturing Inc. owns equipment with an original cost of $1,500,000. Accumulated depreciation on the equipment as at December 31, 2020 is $600,000. Required:
Select Manufacturing Inc. owns equipment with an original cost of $1,500,000. Accumulated depreciation on the equipment as at December 31, 2020 is $600,000. Required: Drag and drop to show how the equipment and any related accounts will be reported on the company's balance sheet as at December 31, 2020. ASSETS DDD Carrying amount Less: accumulated depreciation Equipment Property, plant & equipment 900,000 1,500,000 600,000
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