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The following beginning and ending balances were drawn from the records of Allen Company: Beginning Ending Equipment $350,000 $275,000 Accumulated depreciation 175,000 100,000 If Allen

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The following beginning and ending balances were drawn from the records of Allen Company: Beginning Ending Equipment $350,000 $275,000 Accumulated depreciation 175,000 100,000 If Allen Co. sold equipment for $62,000 that had originally cost $175,000 and accumulated depreciation of $75,000, how much did Allen play for the new equipment

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