From the income statement Depreciation expense $500 Loss on sale of equipment 4,000 From the balance sheet Beginning Equipment 12,500 Ending Equipment 6,500 Beginning Accumulated Depreciation 2,000 Ending Accumulated Depreciation 2,200 No new equipment was bought during the period. For the equipment that was sold, determine its original cost.
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Home » Business » From the income statement Depreciation expense $500 Loss on sale of equipment 4,000 From the balance sheet Beginning Equipment 12,500 Ending Equipment 6,500 Beginning Accumulated Depreciation 2,000 Ending Accumulated Depreciation 2,200 No new