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Calculate the depreciation expense

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Question - During 2020, Oriole Company sold equipment that had cost $402000 for $234600. This resulted in a gain of $16900. The balance in Accumulated Depreciation-Equipment was $1300000 on January 1, 2020, and $1230000 on December 31. No other equipment was disposed of during 2020. Calculate the Depreciation expense for 2020?

$217700.

$70000.

$86900.

$114300.

Reference no: EM132635183

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