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12/31/2014 12/31/2013 Property, Plant and...

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Question;1.2015Assets, January 1 $5708Dividends $1017Sales of Common Stock during 2012 $974Net Income $1368Liabilities, January 1 $3323Stockholders' Equity at December 31, 2015 is2.12/31/2014 12/31/2013Property, Plant and Equipment $375,000 $240,000Less Accumulated Depreciation $105,000 $112,000The income statement reflected a loss on the sale of equipment of $10,000 Equipment with a cost of $100,000 was sold in 2013. This equipment had accumulated depreciation of $24317 What is the amount of depreciation expense for 2014?

 

Paper#37863 | Written in 18-Jul-2015

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