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3 During the year, the company sold equipment that originally cost $61,000. Accumulated depreciation associated with the equipment was $17,500. A gain of $8,500 on

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3 During the year, the company sold equipment that originally cost $61,000. Accumulated depreciation associated with the equipment was $17,500. A gain of $8,500 on the sale of the recognized. How much cash was received from the sale? equipment was added (Aor subtracted (S

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