Equipment that cost $10,000 that had a book value of $6,000 was sold for $7,000.Data from the comparative balance sheets are: Equipment purchased during 2009 cost
A) $120,000.
B) $110,000.
C) $145,000.
D) $10,000.

Name: Equipment that cost $10,000 that had a book value of $6,000 was sold for $7,000.Data from the comparative balance sheets are: Equipment purchased during 2009 cost A) $120,000. B) $110,000. C) $145,000. D) $10,000.
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Question

Equipment that cost $10,000 that had a book value of $6,000 was sold for $7,000.Data from the comparative balance sheets are:    Equipment purchased during 2009 cost
A) $120,000. 
B) $110,000. 
C) $145,000. 
D) $10,000.

Quizplus · Accepted Answer

The Answer is A

Equipment That Cost $10,000 That Had a Book Value of $6,000