The balance in PP&E on Company A's Year 1 Balance Sheet is $25,400 and the...
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The balance in PP&E on Company A's Year 1 Balance Sheet is $25,400 and the balance in PP&E on its Year 2 Balance Sheet is $56,900. The company purchase PP&E of $36,000 during Year 2. The company sold some equipment with a net book value of $2,010. How much depreciation expense did the company record on its Year 2 Income Statement? Assuming no other transactions affected the account during the year.
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