Fully depreciated equipment costing $65,000 was discarded. What was the effect of the transaction on cash flows

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Fully depreciated equipment costing $65,000 was discarded. What was the effect of the transaction on cash flows if
(a) $12,000 cash is received,
(b) No cash is received?

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Accounting

ISBN: 978-0324401844

22nd Edition

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

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Question Posted: Jul 17, 2012 06:27 AM

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Fully depreciated equipment costing $65,000 was discarded. What was the effect of the transaction on cash flows

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