Use the Following Information for Questions

question 13

Multiple Choice

Use the following information for questions.
During calendar 2017, Laertes Corp.sold equipment for $70,000.The equipment had cost $100,000 and had a book value of $52,000 at the time of sale.Data from their comparative statements of financial position are:
-Equipment purchased during 2017 was

• A)$170,000.
• B)$100,000.
• C)$70,000.
• D)$30,000.

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Definitions:

Microsoft

An American multinational technology company known for its software products, including the Windows operating system and Office suite, as well as hardware and cloud services.

CTRL+SHIFT+RIGHT ARROW

A keyboard shortcut commonly used in text editing software to select text from the cursor to the end of the current word boundary to the right.

SHIFT+RIGHT ARROW

A keyboard shortcut that extends the selection of text, cell, or object to the right, allowing for precise control over multi-element selection.

Backstage View

A feature in Microsoft Office applications that provides access to file management tasks, such as saving, opening, printing, and sharing documents.