W Ford Company reports depreciation expense of $40,000 for Year 2. Also, equipment costing $150,000 was sold for its book value in Year 2. There were no oth equipment purchases or sales during the year. The following selected information is available for Ford Company from its comparative balance sheet. Compute the cash received from the sale of the equipment. At December 31 Equipment Accumulated Depreciation-Equipment Multiple Choice $36,000. $32,000. $38,000. Year 2 $ 600,000 428,000 Year 1 $750,000 500,000

Ford Company reports depreciation expense of $40,000 for Year 2 Also, equipment costing $150,000 wos sold for iss book value in Year 2 There were na on equipment purchases or sales during the year. The following selected information is avallable for Ford Company from its comparative balance sheet Cormput the cosh received from the sale of the equipment. Muitiple Choice $36,000 $32000 538,000