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QS 12-13 (Algo) Computing cash from asset sales LO P3 Furniture costing $68,200 is sold at its book value in 2021. Acquisitions of furniture total
QS 12-13 (Algo) Computing cash from asset sales LO P3 Furniture costing $68,200 is sold at its book value in 2021. Acquisitions of furniture total $53,700 cash, on which no depreciation is necessary because it is acquired at year-end. Complete the general ledger accounts to calculate cash received from the sale of furniture
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