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Furniture costing $55,000 is sold at its book value in 2021. Acquisition of furniture total $45,000 cash, on which no depreciation is necessary because it

Furniture costing $55,000 is sold at its book value in 2021. Acquisition of furniture total $45,000 cash, on which no depreciation is necessary because it is acquired at year end. Complete the general ledger accounts to calculate cash received from the sale of furniture

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