The Valz Corporation had a balance in its Equipment account at the beginning of the year...

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The Valz Corporation had a balance in its Equipment account at the beginning of the year of $455,000. During the year, equipment that originally cost $98,000 and had accumulated depreciation of $33,000 was sold for $80,000. The ending balance of the Equipment account was $405,000. What was the cost of the additional equipment purchased during the year? Multiple Choice $113,000 $48,000 $33,000 $98,000 The Valz Corporation had a balance in its Equipment account at the beginning of the year of $455,000. During the year, equipment that originally cost $98,000 and had accumulated depreciation of $33,000 was sold for $80,000. The ending balance of the Equipment account was $405,000. What was the cost of the additional equipment purchased during the year? Multiple Choice $113,000 $48,000 $33,000 $98,000