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Morgan Corporation originally purchased a building at a cost of $260,000. To date, Morgan has recognized accumulated depreciation of $140,000 related to the building. If
Morgan Corporation originally purchased a building at a cost of $260,000. To date, Morgan has recognized accumulated depreciation of $140,000 related to the building. If Morgan sells the building at a 30,000 gain on the sale, what will be the effect of this sale on Morgan's cash flows from investing? Effect on Cash Flows from Investing: $ Enter cash inflows as a positive number and cash outflows as a negative number
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