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Ricardo Corporation originally purchased a building at a cost of $260,000. To date, Ricardo has recognized accumulated depreciation of $110,000 related to the building. If
Ricardo Corporation originally purchased a building at a cost of $260,000. To date, Ricardo has recognized accumulated depreciation of $110,000 related to the building. If Ricardo sells the building at a 30,000 gain on the sale, what will be the effect of this sale on Ricardo's cash flows from investing? Effect on Cash Flows from Investing: $ as a positive number and cash outflows as a negative number. 180,000 Enter cash inflows
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