Refer to the data in QS 12-3. Furniture costing $54,000 is sold at its book value in
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Refer to the data in QS 12-3. Furniture costing $54,000 is sold at its book value in 2005. Acquisitions of furniture total $44,000 cash, on which no depreciation is necessary because it is acquired at yearend. What is the cash inflow related to the sale of furniture?
QS 12-5 Computing financing cash outflows P3
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