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The Following Beginning and Ending Balances Were Drawn from the Records

Question 6

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The following beginning and ending balances were drawn from the records of Allen Co.
The following beginning and ending balances were drawn from the records of Allen Co. If Allen Co.sold equipment that had an original cost of $175,000 and accumulated depreciation of $75,000 for $62,500,how much did Allen pay for new equipment? A) $12,500 B) $25,000 C) $100,000 D) $250,000
If Allen Co.sold equipment that had an original cost of $175,000 and accumulated depreciation of $75,000 for $62,500,how much did Allen pay for new equipment?


A) $12,500
B) $25,000
C) $100,000
D) $250,000

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