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In: AccountingMercury Company reports depreciation expense of $46,000 for Year2. Also, equipment costing $159,000 was sold...Mercury Company reports depreciation expense of $46,000 for Year2. Also, equipment costing $159,000 was sold for its book value inYear 2. There were no other equipment purchases or sales during theyear. The following selected information is available for MercuryCompany from its comparative balance sheet. Compute the cashreceived from the sale of the equipment.At December 31Year 2Year 1Equipment$640,000$799,000Accumulated depreciation-equipment452,000530,000a$35,000.b$81,000.c$78,000.d$39,000.
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