Business, 12.03.2021 18:20 ronaldo22

TB MC Qu. 12-161 Ford Company reports depreciation expense... Ford Company reports depreciation expense of $55,000 for Year 2. Also, equipment costing $186,000 was sold for its book value in Year 2. There were no other equipment purchases or sales during the year. The following selected information is available for Ford Company from its comparative balance sheet. Compute the cash received from the sale of the equipment. At December 31 Year 2 Year 1 Equipment $ 685,000 $ 871,000 Accumulated Depreciation-Equipment 489,000 575,000

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TB MC Qu. 12-161 Ford Company reports depreciation expense... Ford Company reports depreciation expe...

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