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During 2011, Equipment Was Sold for $156,000

Question 63

Multiple Choice

During 2011, equipment was sold for $156,000.The equipment cost $252,000 and had a book value of $144,000.Accumulated Depreciation-Equipment was $687,000 at 12\31\10 and $735,000 at 12\31\11.Depreciation expense for 2011 was


A) $60,000.
B) $96,000.
C) $156,000.
D) $192,000.

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