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Amanda Company purchased a computer that cost $10,200. It had an estimated useful life of three years and a residual value of $1,100. The computer

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Amanda Company purchased a computer that cost $10,200. It had an estimated useful life of three years and a residual value of $1,100. The computer was depreciated by the straight-line method and was sold at the end of the third year of use for $5,110cash. Which of the following statements correctly describes the computer sale? Multiple Choice Assets and stockholders' equity both increase by $5,110. Assets and stockholders' equity both decrease by $4,010. Assets decrease $5,110 and stockholders' equity is not affected. Assets and stockholders' equity both increase by

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