The company began the year with a balance in its equipment account of $925,000. During the year,

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The company began the year with a balance in its equipment account of $925,000. During the year, equipment with an original cost of $106,000 was sold. The ending balance in the equipment account was $880,000. How much equipment was purchased during the year?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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