The cash flow statement of the United Company is in process for 2019. The United Company is reporting the following balances: 12/31/18 12/31/19 Equipment$100,000 $170,000 Loss on sale of equipment 0 10,000 Accumulated depreciation-equipment 75,000 95,000 During 2019, United sold equipment costing $30,000 for $12,000 and made several purchases of new equipment for cash.Equipment purchases in 2019 were:
A. $ 120,000.
B. $ 30,000.
C. $ 70,000.
D. $ 100,000.
Answer: D
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Ultrahazardous activities:
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