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The following information is for X Company for the year: Equipment, beginning balance $12,250 Equipment, closing balance 9,531 Cost of equipment sold 9,018 Purchase of

The following information is for X Company for the year:

Equipment, beginning balance $12,250
Equipment, closing balance 9,531
Cost of equipment sold 9,018
Purchase of equipment 8,016

What was depreciation for the year?

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