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Mega Sales sells some of its used store fixtures. The acquisition cost of the fixtures is $12,628, and the accumulated depreciation on these fixtures is
Mega Sales sells some of its used store fixtures. The acquisition cost of the fixtures is $12,628, and the accumulated depreciation on these fixtures is $6,790 at the time of sale. The fixtures are sold for $4,955. Determine the amount of cash flows from investing activities on the statement of cash flows.
Select the correct answer.
A $12,628
B $883
C $5,838
D $4,955
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