At the beginning of 2013, Garrett Co. paid cash to purchase equipment costing $90,000. There was $15,000 of depreciation expense recognized during the accounting period. Show the combined effects of the events.

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The Answer of At the beginning of 2013, Garrett Co. paid cash to purchase equipment costing $90,000. There was $15,000 of depreciation expense recognized during the accounting period. Show the combined effects of the events.

At the Beginning of 2013, Garrett Co