Fully depreciated equipment costing $50,000 was discarded. What was the effect of the transaction on cash flows

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Fully depreciated equipment costing $50,000 was discarded. What was the effect of the transaction on cash flows if
(a) $15,000 cash is received,
(b) No cash is received?

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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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