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What equipment purchased was

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Reference no: EM132759930

During calendar 2020, Ceatres Corp sold equipment $70000, the equipment had cost $200000 and had a book value of $52000 at the time of sale, Data from their comparative statements of financial position are:

                                           Dec31, 2020                Dec31, 2019
equipment accumulated     $720000                   $650000
depreciation                    $210000                       $190000

Problem 1: equipment purchased during 2020 was

Option 1: $170000
Option 2: $130000
Option 3: $100000
Option 4: $70000

Reference no: EM132759930

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