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Business, 18.03.2021 01:30 shelbycg02

Ichor Co. reported equipment with an original cost of $379,000 and $344,000 and accumulated depreciation of $153,000 and $128,000, respectively, in its comparative financial statements for the years ended December 31, 20X5 and 20X4. During 20X5, Ichor purchased equipment costing $50,000 and sold equipment with a carrying value of $9,000. What amount should Ichor report as depreciation expense for 20X5

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Ichor Co. reported equipment with an original cost of $379,000 and $344,000 and accumulated deprecia...
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