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Help please Assume a company's beginning and ending balances in the Accumulated Depreciation account are $30,000 and $44,600, respectively. During the period the company sold
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Assume a company's beginning and ending balances in the Accumulated Depreciation account are $30,000 and $44,600, respectively. During the period the company sold one noncurrent asset that had an original cost of $8,000. The cash proceeds from the sale were $3,000 and the gain on the sale was $1,000. What is the amount of the depreciation charges that the company would include in the operating activities section of its statement of cash flows? Multiple Choice $18,600 $20,600 $24.600 $8,600 Step by Step Solution
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