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Beta sold equipment with a book value of $ 3 0 , 0 0 0 for cash of $ 4 0 , 0 0 0
Beta sold equipment with a book value of $ for cash of $ and used $ of that cash to purchase new furniture for its sales office. What is the total effect of these two transactions?
Group of answer choices
Total assets will be increased by $
Total assets will not change.
Total assets will be increased by $
Total assets will be decreased by $
The correct answer is not listed.
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