On January 1, the balance in the Equipment account was $20,506; on December 31, the...
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Accounting
On January 1, the balance in the Equipment account was $20,506; on December 31, the balance was $15,389. The Income Statement reports Depreciation Expense of $1,849. During the year, $6,292 of equipment was sold.
What was the cost of the equipment purchased during the year?
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