Tom's Roadside Burger Stand has a beginning balance in the Accumulated Depreciation-Equipment account of $260,000. The depreciation expense on the equipment for the year was $60,000. At the end of the year, the balance in the Accumulated Depreciation-Equipment account was $150,000. What was the accumulated depreciation on the equipment sold during the year?
A) $110,000
B) $90,000
C) $170,000
D) $200,000
Correct Answer:
Verified
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