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Assume the following excerpts from a company's balance sheet: During the year, the company sold a piece of equipment for $400,000. The equipment originally cost
Assume the following excerpts from a company's balance sheet: During the year, the company sold a piece of equipment for $400,000. The equipment originally cost $580,000 and had accumulated depreciation of $350,000. The company did not sell any long-term investments during the period. Required: Calculate the company's net cash provided by (used in) investing activities. Note: Negative amounts should be indicated by a minus sign
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