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Your answer is incorrect. In 2025, equipment was sold for proceeds of $460000. The equipment cost $780000 and had a book value of $430000. Accumulated

image text in transcribed Your answer is incorrect. In 2025, equipment was sold for proceeds of $460000. The equipment cost $780000 and had a book value of $430000. Accumulated Depreciation-Equipment was $2056000 at 12/31/24 and $2200000 at 12/31/25. Depreciation expense for 2025 was $494000.$144000.$288000$576000

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