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QUESTION
During 2004, equipment was sold for $195,000. The equipment cost $315,000 and had a book value of $180,000. Accumulated DepreciationEquipment was...
During 2004, equipment was sold for $195,000. The equipment cost $315,000 and had a book value of $180,000. Accumulated Depreciation—Equipment was $860,000 at 12/31/03 and $920,000 at 12/31/04. Depreciation expense for 2004 was:
