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Equipment that cost $874000 and had a book value of $391000 was sold for $448000....

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Accounting

Equipment that cost $874000 and had a book value of $391000 was sold for $448000. Data from the comparative balance sheets are:

12/31/21 12/31/20
Equipment $5370000 $4868000
Accumulated Depreciation 1656000 1490000

Depreciation expense for 2021 was

$706000.

$649000.

$132000.

$87000.

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