The Washington Company had the following results in 2012: Account Balances End of...
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Accounting
The Washington Company had the following results in 2012:
Account Balances
End of Beginning of Year Year
Property, plant, and equipment $358,000 $347,000 Accumulated depreciation (256,000) (220,000) Net Property, plant, and equipment $102,000 $127,000
During the year the company sold an asset which had an original cost of $55,000 and accumulated depreciation of $31,000. How much depreciation expense for 2012 will be reported on the statement of cash flows?
$36,000
$5,000
$67,000
Not enough information is provided.
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