Determining fixed assets book valuethe balance in the

Determining fixed asset's book value

The balance in the equipment account is $1,375,000, and the balance in the accumulated depreciation-equipment account is $725,000.

a. What is the book value of the equipment?

b. Does the balance in the accumulated depreciation account mean that the equipment's loss of value is $725,000? Explain.

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1 kyle sold land on the installment basis for 100000 his : 1. kyle sold land on the installment basis for 100000. his basis in the land was 70000. kyle received a 40000 down

Determining fixed assets book valuethe balance in the : determining fixed assets book valuethe balance in the equipment account is 1375000 and the balance in the accumulated

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