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I have a question on acct 2301. Thanks for the help! bAssignment 12E (B pts (--> C?O Not secure eztornheducation.com/hrn.tpx?-0.1852/13186/249191 5253023520/9 2.10 points QS 12-7
I have a question on acct 2301. Thanks for the help!
bAssignment 12E (B pts (--> C?O Not secure eztornheducation.com/hrn.tpx?-0.1852/13186/249191 5253023520/9 2.10 points QS 12-7 Computing cash from asset sales LO P3 The following selected information is from Ellerby Company's comparative balance sheets. 2014 Furniture Accumulated depreciation-Furniture S 141,000 $ 196,500 (91,700) (113,700) The income statement reports depreclation expense for the year of $21,000. Also, furniture costing $55,500 was sold for its book value on December 31, 2016. Complete the below table to calculate the cash recelved from the sale ot furniture Accumulated Depreciation Beg. bal 196.500 141,000 Beg. bal. ale of assets 113,700 21,000 Sale of assets End. bal 55.500 End. bal. 134,700 Cost Accumulated depreciation Book value (Cash received) O Type here to search 12 PM RA ???ENG 5/2/2018Step by Step Solution
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