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The following beginning and ending balances were drawn from the records of Allen Co. Beginning Ending Equipment $2,000 $1,200 Accumulated Depreciation $740 $1,500 If Allen
The following beginning and ending balances were drawn from the records of Allen Co. |
Beginning | Ending | |
Equipment | $2,000 | $1,200 |
Accumulated Depreciation | $740 | $1,500 |
If Allen Co. sold equipment that had an original cost of $1,650 and accumulated depreciation of $800 for $450, how much did Allen pay for new equipment? |
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