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Legacy Ironworks Co. reported $3,175,000 for equipment and $2,683,000 for accumulated depreciation-equipment on its balance sheet.
Does this mean.
(a) That the replacement cost of the equipment is $3,175,000 and
(b) That $2,683,000 is set aside in a special fund for the replacement of the equipment?
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msa computer corporation manufactures two models of minicomputersthe alpha 4 and the beta 5. the firm employs 5
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