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The adjusted trial balance for Rowdy Profits Corporation
reports that its equipment had cost $250,000. For the current year, the company has recorded $30,000 of depreciation, which brings the total depreciation to date to $150,000.
The adjusted trial balance for Rowdy Profits Corporation reports that
Required:
Using the headings shown above, indicate the location and amounts that would be used to report the three items on the company's balance sheet and income statement.
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