Question
During 20Y4, the balance of Acme Inc's property, plant, and equipment (PP&E) account decreased by $95,400 and the balance of its accumulated depreciation account increased
During 20Y4, the balance of Acme Inc's property, plant, and equipment (PP&E) account decreased by $95,400 and the balance of its accumulated depreciation account increased by $7,640. In addition, Acme acquired $215,800 of new PP&E, recognized $65,690 of depreciation expense on its PP&E, and recognized a $5,600 loss on the sale of some old PP&E. How much cash did Acme receive from the sale of the old PP&E in 20Y4?
o $232,270
O $236,350
0 $247.550
O $258,750
None of the above
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The Next Step Advanced Medical Coding And Auditing 2013
Authors: Carol J. Buck MS CPC CCS-P
1st Edition
1455744859, 978-1455744855
