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Assume a company sold a piece of equipment that had an original cost of $500,000 and accumulated depreciation of $300,000. The gain on the sale
Assume a company sold a piece of equipment that had an original cost of $500,000 and accumulated depreciation of $300,000. The gain on the sale was $17,000. In addition, the beginning and ending balances in the companys Property, Plant, and Equipment account were $4,700,000 and $4,600,000, respectively. Based solely on the information provided, the companys net cash provided by (used in) investing activities would be:
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