The following beginning and ending balances were drawn from the records of Brown Co. If Brown Co. sold equipment that had an original cost of $350 and accumulated depreciation of $150 for $125, how much did Brown pay for new equipment?
A)$25.
B)$50.
C)$200.
D)$500.

Question

The following beginning and ending balances were drawn from the records of Brown Co.  If Brown Co. sold equipment that had an original cost of $350 and accumulated depreciation of $150 for $125, how much did Brown pay for new equipment?
A)$25. 
B)$50. 
C)$200. 
D)$500.

Quizplus · Accepted Answer

$550 En

The Following Beginning and Ending Balances Were Drawn from the Records