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accounitng question help Perry Mason Limited paid $80,000 for a piece of machinery two and a half years ago. The accumulated depreciation on this piece

accounitng question help

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Perry Mason Limited paid $80,000 for a piece of machinery two and a half years ago. The accumulated depreciation on this piece of machinery for the two and a half years was $50,000. This piece of machinery has just been sold and this sale generated a loss on disposal of $7,000. What was the cash inow from the disposal of this machine

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