Question
* Sampson Corporation sold a piece of equipment at a gain of $3,600. The equipment was purchased several years ago at a cost of $70,500
* Sampson Corporation sold a piece of equipment at a gain of $3,600. The equipment was purchased several years ago at a cost of $70,500 and had been amortized a total of $52,900. What is the amount of cash inflow from the sale of the equipment? OA. $21,200 OB. $10,400 OC. $17,600 OD. $14,000
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Principles Of Financial Accounting
Authors: Belverd E Needles, Marian Powers
11th Edition
0538755164, 9780538755160
