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How much did allen pay for new equipment

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Reference no: EM131761485

Question - The following beginning and ending balances were drawn from the records of Allen Co.

Beginning Ending   Equipment $1,400     $900      

Accumulated Depreciation $560     $900      

If Allen Co. sold equipment that had an original cost of $1,050 and accumulated depreciation of $500 for $300, how much did Allen pay for new equipment?

Reference no: EM131761485

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