31-Dec-2020 31-Dec-2019 $ Equipment 165,000 100,000 Accumulated Depreciation $82,000 $60,000 A equipment with a cost of...

Transcribed Image Text:

31-Dec-2020 31-Dec-2019 $ Equipment 165,000 100,000 Accumulated Depreciation $82,000 $60,000 A equipment with a cost of $14,000 was disposed during the year with accumulated depreciation of $7000 and gain on disposal of $3,000. No other disposal or retirement of Equipment during the year ended 31 December 2020. The total depreiciation expense for year ended 31 December 2020 is $[A] Additions of Equipment (Purchase of Equipment) for the year ended 31 December 2020 is $[B] Sales Proceeds on disposal of equipment is $[C] ** your answers should include numerals only, no dollar sign ("$"), no comma ",", eg five thousand dollars should be input as 5000, otherwise, no marks will be awarded 31-Dec-2020 31-Dec-2019 $ Equipment 165,000 100,000 Accumulated Depreciation $82,000 $60,000 A equipment with a cost of $14,000 was disposed during the year with accumulated depreciation of $7000 and gain on disposal of $3,000. No other disposal or retirement of Equipment during the year ended 31 December 2020. The total depreiciation expense for year ended 31 December 2020 is $[A] Additions of Equipment (Purchase of Equipment) for the year ended 31 December 2020 is $[B] Sales Proceeds on disposal of equipment is $[C] ** your answers should include numerals only, no dollar sign ("$"), no comma ",", eg five thousand dollars should be input as 5000, otherwise, no marks will be awarded

Answer rating: 100% (QA)

a The total Depreciation expense for the year ende... View the full answer