Eully depreciated equipment costing $55,000 was discarded. What was the ef fect of the transaction on cash

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Eully depreciated equipment costing $55,000 was discarded. What was the ef¬ fect of the transaction on cash flows if

(a) $5,000 cash is received,

(b) no cash is received?

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Financial Accounting

ISBN: 9780324188035

9th Edition

Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess

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