The Valz Corporation had a balance in its Equipment account at the beginning of the year of $650,000. During the year, equipment originally costing $170,000, which had accumulated depreciation of $40,000, was sold for $134,000. The ending balance of the Equipment account was $550,000. How much additional equipment was purchased during the year?

a. $174,000 

b. $70,000 

c. $170,000 

d. $40,000

Answer rating: 100% (QA)

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