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Calculate the ending balance of the account

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Question - On January 1, 2020, Ajax Corporation sold a truck for $28,000 cash. The original purchase price was $45,000 and accumulated depreciation at the time of sale was $7,000. The beginning balance of the Equipment account was $100,000 and no other Equipment transactions occurred during the year. Calculate the ending balance of the account.

Reference no: EM133172879

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