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Acme Corp. purchased equipment on September 1, 20x1, for $30,000. The equipment is being preciated or a five year life with no salvage value. Acme

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Acme Corp. purchased equipment on September 1, 20x1, for $30,000. The equipment is being preciated or a five year life with no salvage value. Acme sold the equipment on March 31, 2013, and recorded a pain on the sale of $2,000. What were the proceeds from the sale? $32.000 $7,500 $14.000 $11.500

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