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Mercury company reports depreciation expense of 52000 for

Question: Mercury Company reports depreciation expense of $52,000 for Year 2. Also, equipment costing $177,000 was sold for its book value in Year 2. The following selected Information is available for Mercury Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.

$84,000.

$93,000.

$41,000.

$52,000.

$42.000.

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Accounting Basics: Mercury company reports depreciation expense of 52000 for

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