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During the period, Lemke Company sold equipment at a loss. The following information was provided: . Depreciation Expense: $1,050 Loss on sale of equipment: $3,500
During the period, Lemke Company sold equipment at a loss. The following information was provided: . Depreciation Expense: $1,050 Loss on sale of equipment: $3,500 Beginning balance of Equipment (Gross): $21,000 . Ending balance of Equipment (Gross): $9,410 Beginning Accumulated Depreciation: $1,900 . . Ending Accumulated Depreciation: $1,850 No new equipment was purchased during the year. Calculate the investing cash flow effect related to this sale? $ Enter cash inflows as a positive number and cash outflows as a negative number
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