Zippy Inc. sold equipment that originally cost $300 for $100 in cash.
Question # 00098367
Posted By:
Updated on: 08/29/2015 12:07 AM Due on: 09/28/2015
Zippy Inc. sold equipment that originally cost $300 for $100 in cash. Zippy recorded a loss of $20 for
the transaction. How much was the accumulated depreciation on the equipment ?
A. $120
B. $180
C. $280
D. $220
E. $ 80
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Rating:
/5
Solution: Zippy Inc. sold equipment that originally cost $300 for $100 in cash.