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Question #2, Page 3 of Chapter 13 Handout 2. Crawford Corporation purchased machinery on January 1, 2020 at a cost of $260,000. The estimated useful

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Question \#2, Page 3 of Chapter 13 Handout 2. Crawford Corporation purchased machinery on January 1, 2020 at a cost of $260,000. The estimated useful life of the machinery is 5 years, with an estimated salvage value at the end of that period of $20,000. The company uses straight-line depreciation. The company sold the asset for a gain of $10,000 at the end of two years. The company also purchased new equipment for $200,000 a. How do these transactions affect the Statement of Cash Floww

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