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The following information is for X Company for 2020: Equipment, January 1 $13,880 Equipment, December 31 14,536 Cost of equipment sold 6,656 Depreciation expense 1,809
The following information is for X Company for 2020:
| Equipment, January 1 | $13,880 |
| Equipment, December 31 | 14,536 |
| Cost of equipment sold | 6,656 |
| Depreciation expense | 1,809 |
How much equipment was purchased during 2020?
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ISE Fundamental Managerial Accounting Concepts
Authors: Thomas P. Edmonds, Christopher Edmonds, Mark A. Edmonds, Philip R. Olds
10th Edition
1265045925, 9781265045920
