A building cost $ 75 comma 000$75,000 and had accumulated depreciation of $ 5 comma 000$5,000 when it was sold for a gain of $ 12 comma 500$12,500. It was a cash sale. How much cash was collected from this transaction and how would it be classified on the statement of cash flows?

How much cash was collected from this transaction? Select the formula to calculate the cash collected. Then enter the amounts and determine the cash collected from the sale of the building.

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Cash collected from sale

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