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please answer correct 12) Maine Company sold a plant asset during 2021. The original cost of the plant asset was $500,000 and the accumulated depreciation
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12) Maine Company sold a plant asset during 2021. The original cost of the plant asset was $500,000 and the accumulated depreciation at date of sale was $350,000. The proceeds from the sale of the plant asset were $70,000. The effect of the sale of this asset on the operating activities section isStep by Step Solution
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