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Jamison Company reports depreciation expense of $49,000 for Year 2 Also, equipment costing $167,000 was sold for a $5,900 gain in Year 2. The following

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Jamison Company reports depreciation expense of $49,000 for Year 2 Also, equipment costing $167,000 was sold for a $5,900 gain in Year 2. The following selected information is available for Jamison Company from its comparative balance sheet. Compute the cash received from the sale of the equipment. $37.000 $31,100. $49,000

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