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A plant asset originally costing $70,000 had been depreciated $35,000 and then was sold (disposed of) for $30,000. Choose the most complete listing of relevant
A plant asset originally costing $70,000 had been depreciated $35,000 and then was sold (disposed of) for $30,000. Choose the most complete listing of relevant line items in the statement of cash flows (SCF).
a. I: sell plant asset 35,000; R: loss on asset disposal (5,000) | ||
b. I: sell plant asset 30,000; R: loss on asset disposal 5,000 | ||
c. I: sell plant asset 30,000 | ||
d. I: sell plant asset 30,000; O: loss on asset disposal 5,000 | ||
e. R: loss on asset disposal 5,000 |
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