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ABC company sold an equipment with a historical cost of AED200,000 and accumulated depreciation of AED 150,000. and the cash was collected from the buyer.

ABC company sold an equipment with a historical cost of AED200,000 and accumulated depreciation of AED 150,000. and the cash was collected from the buyer.

Required:

Make the required journal entries to reflect such a revaluation.

Show the effect of the journal entry on the company cash flows statement.

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