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If allen co sold equipment that had an original cost of

Question - The following beginning and ending balances were drawn from the records of Allen Co.

Beginning Ending Equipment $1,400 $900

Accumulated Depreciation $560 $900

If Allen Co. sold equipment that had an original cost of $1,050 and accumulated depreciation of $500 for $300, how much did Allen pay for new equipment?

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Accounting Basics: If allen co sold equipment that had an original cost of

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Accounting Basics: If allen co sold equipment that had an original cost of

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