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Moyers Company reported the following in 2014: property, plant and equipment account increased by $25,000; accumulated depreciation account increased by $2,000. During the year, the
Moyers Company reported the following in 2014: property, plant and equipment account increased by $25,000; accumulated depreciation account increased by $2,000. During the year, the company sold equipment that originally cost $12,000, and had $9,000 of accumulated depreciation for $4,500. What will Moyers Company report as proceeds from the sale of property, plant, and equipment on its 2014 statement of cash flows?
$1,500 | ||
$4,500 | ||
$15,500 | ||
$12,000 |
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