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What will be the balance brought down to the next period

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Problem 1: A business buys equipment costing $1,000 and sells equipment costing $800 in the year. The opening balance of the equipment account is $1,000. What will be the balance brought down to the next period?

a) Dr $800

b) Cr $800

c) Dr $1,200

d) Cr $1,200

Reference no: EM132820814

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