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Crane Company sold office furniture for $47000. The furniture had an original cost of $161000 and accumulated depreciation of $80500. Ignoring the tax effect, as

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Crane Company sold office furniture for $47000. The furniture had an original cost of $161000 and accumulated depreciation of $80500. Ignoring the tax effect, as a result of the sale Onet income will increase $33500. O net income will decrease $67000. O net income will decrease $33500, O net income will increase $67000

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