Assume the Equipment shown above was acquired by the business five years ago and has a book value of $156,000, but has a current appraised value of $200,000. Hercules Manufacturing's Retained Earnings at December 31, 2010, amounts to:
A) $533,000.
B) $345,000.
C) $198,000.
D) $356,000.

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The Answer of Assume the Equipment shown above was acquired by the business five years ago and has a book value of $156,000, but has a current appraised value of $200,000. Hercules Manufacturing's Retained Earnings at December 31, 2010, amounts to:
A) $533,000.
B) $345,000.
C) $198,000.
D) $356,000.

Assume the Equipment Shown Above Was Acquired by the Business