Dell Farms Ltd$.$ sold equipment during $2022$ that had originally been purchased for $$252,000.$ The equipment had a net book value of $$144,000$ at the time of the sale when it sold for $$168,000.$ On January $1,2022$ the Accumulated Depreciation $-$ Equipment account had a balance of $$688,000$ and on December $31,2022$ this same account had a balance of $$736,000.$How much depreciation expense, related to equipment, was recorded in the $2022$ statement of earnings?

Answer rating: 100% (QA)

To calculate the depreciation expense related to equipment recorded in the 2022 statement of earning... View the full answer