For this question only, assume Ocean purchased equipment for $ 6 0 , 0 0 0 three years ago, and sold the equipment earlier this year for $ 3 5 , 0 0 0 On the date of sale, the equipment's accumulated depreciation was $ 2 0 , 0 0 0 Which of the following best describes the impact of the equipment sale on Ocean s financial statements Group of answer choices Stockholders' Equity will not be impacted by this transaction Total assets will increase by $ 3 5 , 0 0 0 Stockholders' Equity will decrease by $ 1 5 , 0 0 0 Total assets will decrease by $ 4 0 , 0 0 0 Stockholders' Equity will decrease by $ 5 , 0 0 0

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For this question only, assume Ocean purchased equipment for $ 6 0 , 0 0 0 three years ago, and sold the equipment earlier this year for $ 3 5 , 0 0 0   On the date of sale, the equipment's accumulated depreciation was $ 2 0 , 0 0 0   Which of the following best describes the impact of the equipment sale on Ocean s financial statements  Group of answer choices Stockholders' Equity will not be impacted by this transaction  Total assets will increase by $ 3 5 , 0 0 0   Stockholders' Equity will decrease by $ 1 5 , 0 0 0   Total assets will decrease by $ 4 0 , 0 0 0   Stockholders' Equity will decrease by $ 5 , 0 0 0

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For this question only, assume Ocean purchased equipment for $ 6 0 , 0 0 0 three years ago, and sold the equipment earlier this

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