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Pina Colada Corp. sold equipment for $56000. The equipment had an original cost of $132000 and accumulated depreciation of $61000. Ignoring the tax effect, as

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Pina Colada Corp. sold equipment for $56000. The equipment had an original cost of $132000 and accumulated depreciation of $61000. Ignoring the tax effect, as a result of the sale net income will increase $56000. net income will decrease $56000. net income will increase $15000. net income will decrease $15000

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