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QUESTION
What amount should be shown in Graham"s balance sheet at December 31, 2011, net of accumulated depreciation, for this machine?
What amount should be shown in Graham"s balance sheet at December 31, 2011, net of accumulated depreciation, for this machine? A. $1,695,000 b. $1,335,000 c. $1,306,666 d. $1,244,250 On January 1, 2004, Forbes Company purchased equipment at a cost of $50,000.
