Fully depreciated equipment costing $25,000 was discarded. What was the effect of the transaction on cash flows

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Fully depreciated equipment costing $25,000 was discarded. What was the effect of the transaction on cash flows if
(a) $10,000 cash is received,
(b) No cash is received?

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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Question Posted: May 07, 2012 07:26 AM

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Fully depreciated equipment costing $25,000 was discarded. What was the effect of the transaction on cash flows

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