Question 51 During 2021, equipment was sold for $468,000. The equipment cost $786,000 and had a book value of $432,000. Accumulated Depreciation–Equipment was $2,061,000 at 12/31/20 and $2,205,000 at 12/31/21. Depreciation expense for 2021 was $288,000. $576,000. $144,000. $498,000.

Question 51 During 2021, equipment was sold for $468,000. The equipment cost $786,000 and had a book value of $432,000. Accumulated Depreciation–Equipment was $2,061,000 at 12/31/20 and $2,205,000 at 12/31/21. Depreciation expense for 2021 was $288,000. $576,000. $144,000. $498,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question 51

During 2021, equipment was sold for $468,000. The equipment cost $786,000 and had a book value of $432,000. Accumulated Depreciation–Equipment was $2,061,000 at 12/31/20 and $2,205,000 at 12/31/21. Depreciation expense for 2021 was

		$288,000.
		$576,000.
		$144,000.
		$498,000.

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