During the year,the Equipment account increased by $25,000 and the Accumulated Depreciation account increased by $2,000.In addition,the company sold equipment that originally cost $12,000 and had $9,000 of accumulated depreciation for $4,500. What was the cash outflow to purchase equipment?
A) $25,000
B) $37,000
C) $29,500
D) $13,000

Question

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The Answer of During the year,the Equipment account increased by $25,000 and the Accumulated Depreciation account increased by $2,000.In addition,the company sold equipment that originally cost $12,000 and had $9,000 of accumulated depreciation for $4,500. What was the cash outflow to purchase equipment?
A) $25,000
B) $37,000
C) $29,500
D) $13,000

During the Year,the Equipment Account Increased by $25,000 and the Accumulated