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please choose the correct option Ford Company reports depreciation expense of $40,000 for Yeat 2 . Also, equipment costing $150,000 was sold for its book
please choose the correct option
Ford Company reports depreciation expense of $40,000 for Yeat 2 . Also, equipment costing $150,000 was sold for its book value in Year 2 . There were no other equipment purchases or sales during the year. The following selected information is available for Ford Company from its comparative balance: sheet Compute the cash recelved from the sale of the equipment. $32,000. $68,000. $38,000. $40,000. $36,000 Step by Step Solution
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