Fully depreciated equipment costing $50,000 was discarded. What was the effect of the transaction on cash flows
Question:
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 for the equipment, and
(b) no cash is received for the equipment?
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Related Book For 
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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