Business
Business, 05.06.2020 02:04, Worksmarter72641

The equipment account had a $36,000 balance at the beginning of the year, and a $30,000 balance at the end of the year. The accumulated depreciation account had a balance of $22,000 at the beginning of the year, and a $17,000 balance at the end of the year. The income statement reported depreciation expense of $4,000 for the year. Equipment costing $10,000 was sold for its book value. Cash received from the sale to be reported in the Investing Activities section is

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The equipment account had a $36,000 balance at the beginning of the year, and a $30,000 balance at t...

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