Kelley Company sold equipment at a gain of $1,000. The equipment cost $47,000 and had accumulated depreciation
Question:
Kelley Company sold equipment at a gain of $1,000. The equipment cost
$47,000 and had accumulated depreciation of $39,000. Describe how this event is handled in the statement of cash flows.
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Related Book For 
College Accounting Chapters 1-26
ISBN: 9780395796993
6th Edition
Authors: Douglas J. McQuaig, Patricia A. Bille
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