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  1. business
  2. accounting
  3. a. $10,000 b. $45,000 c. $20,000 d. $35,000 net in

a. $10,000 b. $45,000 c. $20,000 d. $35,000 Net income for Edison Company for 2017...

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Accounting

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a. $10,000 b. $45,000 c. $20,000 d. $35,000 Net income for Edison Company for 2017 includes the effect of the following transactions involving the sale 15. of fixed assets: Sales Price Asset Cost Gain/Loss S 10,000 s (18,000) S 20.000 $ 80,000 S 150,000 25,000 Purchases of fixed assets during 2017 amounted to $340,000. The Accumulated Depreciation account increased $40,000 during 2017. How much was depreciation expense for 2017? a. $217.000 b. $40,000 c. $32,000 d. $270.000

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