Question
Equipment with an original cost of $120,000 and accumulated depreciation of $85,000 is sold for cash proceeds of $15,000. What would appear on the company's
Equipment with an original cost of $120,000 and accumulated depreciation of $85,000 is sold for cash proceeds of $15,000. What would appear on the company's cash flow statement?
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Modern Auditing
Authors: William C. Boynton, Walter G. Kell, Raymond N. Johnson, Dr William Boynton
7th Edition
047118909X, 978-0471189091
