Calculate the accumulated depreciation on the equipment


On June 30, 2011, Vende, Inc. sold some used equipment for $28,000. The equipment had been purchased several years ago for $60,000. Vende properly recorded a $6,000 gain on the sale. The accumulated depreciation on the equipment at the date of sale was?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Calculate the accumulated depreciation on the equipment
Reference No:- TGS0703012

Expected delivery within 24 Hours