Question

Equipment that cost $875,000 and had a book value of $390,000 was sold for $450,000. Data from the comparative balance sheets are: 12/31/18 12/31/17 Equipment $5,400,000 $4,875,000 Accumulated Depreciation 1,650,000 1,425,000 Equipment purchased during 2018 was:
a. $1,400,000.


b. $825,000.


c. $525,000.


d. $915,000.

Answer 1

Answer:

a. $1,400,000.

Explanation:

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