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

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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?

LO14

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Financial Accounting

ISBN: 9780324380675

10th Edition

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

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Question Posted: Jun 11, 2024 12:02 AM

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

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Financial Accounting

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