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D Question 17 1 p At the beginning of Year 1, ABC Company purchased a piece of equipment for $700. This equipment was expected
D Question 17 1 p At the beginning of Year 1, ABC Company purchased a piece of equipment for $700. This equipment was expected to last 5 years at which time ABC hoped to sell the equipment for $200. At the beginning of Year 6, ABC Company sold the equipment for $100. ABC Company uses the straight line depreciation method. When the Year 1 Depreciation Expense is recognized, Cash Flows from Investing Activities will: not be affected. decrease by $100. change by more than $100. increase by $100.
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