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The final paper will be based on Appendix 6C Illustrative Audit Case- (3).docx
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The following information is for X Company for the year- What was dep (2).docx
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The following information is for X Company for the year: What was depreciation expense for the year? Solution Depreciation expense for the year = Equipment beginning + purchase  - sale of equipment -equipment end = 11250  +7249 -7150 -10200 = $ 1,149 .
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The following information is for X Company for the year- What was dep (2).docx
- The following information is for X Company for the year: What was depreciation expense for the year? Equipment, January 1 $11,250 Equipment, December 31 10,200 Cost of equipment sold 7,150 Purchase of equipment 7,249 Solution Depreciation expense for the year = Equipment beginning + purchase  - sale of equipment - equipment end = 11250  +7249 -7150 -10200 = $ 1,149
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