How much equipment did plymouth company purchase

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Question - Salem Company sold equipment with a book value (historical cost - accumulated depreciation) of $1,500 for $1,100 cash. Total depreciation expense for the year was $600. The beginning and ending balances in the Accumulated Depreciation account are $2,000 and $1,800, respectively. The beginning and ending balances in the Property, Plant, and Equipment account are $7,000 and $7,500 respectively. How much equipment did Plymouth Company purchase during the year? Write the dollar amount of your answer.

Reference no: EM132531684

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