During 2010 noller co. sold equipment that had cost 98000, Ask an Expert

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During 2010, Noller Co. sold equipment that had cost $98,000 for $58,800. This resulted in a gain of $4,300. The balance in Accumulated Depreciation-Equipment was $325,000 on January 1, 2010, and $310,000 on December 31. No other equipment was disposed of during 2010. Depreciation expense for 2010 was:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M940182

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