A company is reporting the following balance: ...
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Accounting
A company is reporting the following balance:
|
| 12/31/2015 |
| 12/31/2016 |
| Equipment (Gross) | $250,000 | $325,000 | |
| Gain on sales of equipment | $0 | $3,000 | |
| Accumulated depreciationequipment | $150,000 |
| $200,000 |
During 2016, Western sold equipment originally costing $55,000 for $38,000 and made several purchases of new equipment.
How much equipment did Western purchase in 2016?
Select one:
A. $75,000.
B. $37,000.
C. $123,000.
D. $130,000.
E. $133,000.
F. $20,000.
G. $17,000.
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