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Equipment that cost $200,000 and had a book value of $104,000 was sold for $120,000.Data from the comparative balance sheets are: 12/31/1712/31/18 Equipment$1,440,000$1,300,000 Accumulated Depreciation$440,000$380,000

Equipment that cost $200,000 and had a book value of $104,000 was sold for $120,000.Data from the comparative balance sheets are:

12/31/1712/31/18

Equipment$1,440,000$1,300,000

Accumulated Depreciation$440,000$380,000

What are the amounts that will affect the cashflow statement?

DepreciationEquipment

Expense Expense

a.$172,000$400,000

b.$156,000$340,000

c.$36,000$140,000

d.$24,000$60,000

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