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Big Springs, Co. sold some of its used equipment for $65,000. The indirect method statement of cash flows shows an addition to net income of
Big Springs, Co. sold some of its used equipment for $65,000. The indirect method statement of cash flows shows an addition to net income of $6,000. The accumulated depreciation on the equipment to date of sale was $63,000. The original cost of the equipment was: $69,000 $134,000 $122,000 $71,000
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