Question: 3. DQ 5-Chapter 6 Discussion. After reading the text, viewing the PowerPoint slides and reading the notes, consider the following: Assume that you are examining
3. DQ 5-Chapter 6 Discussion. After reading the text, viewing the PowerPoint slides and reading the notes, consider the following: Assume that you are examining the balance sheets of two companies and note the following information: Company A Equipment $1,130,000 Accumulated Depreciation (730,000) Book Value $ 400,000 Company B Equipment $900,000 Accumulated depreciation (500,000) $400,000 Book Value Maxie Smith, a student who has had no accounting courses, remarks that Company A and Company B have the same amount of equipment. In a short paragraph, explain to Maxie that the two companies do not have equal amounts of equipment
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