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Business, 19.12.2019 03:31 xjsg

Equipment, beginning of year $ 340,000 equipment, end of year 420,000 accumulated depreciation, beginning of year 190,000 accumulated depreciation, end of year 184,000 equipment with a cost of $20,000 and a book value of $6,000 was sold during the year for cash of $18,000. additional equipment was purchased during the year for cash. what was the amount of cash paid for purchases of equipment during the year? a. $8,000
b. $22,000
c. $20,000
d. $14,000

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