During calendar 2017, Marcellus Inc.sold equipment for $168,000.The equipment had cost $252,000 and had a book value
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During calendar 2017, Marcellus Inc.sold equipment for $168,000.The equipment had cost $252,000 and had a book value of $144,000 at the time of sale.Accumulated Depreciation-Equipment was $688,000 at Dec 31, 2016 and $736,000 at Dec 31, 2017.Therefore, Depreciation Expense (Equipment)for 2017 was
A)$60,000.
B)$96,000.
C)$156,000.
D)$192,000.
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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