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Favre Company reports depreciation expense of $55,000 for Year 2. Also, equipment costing $185,000 was sold for a $11,500 loss in Year 2 . The

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Favre Company reports depreciation expense of $55,000 for Year 2. Also, equipment costing $185,000 was sold for a $11,500 loss in Year 2 . The following selected information is available for Favre Company from its comparative balance sheet. Compute the cash received from the sale of the equipment. Muluple Choice 443000. 554,500 555.000. 575,500 531.500

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