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Sheffield Corporation sold equipment for $31400. The equipment had an original cost of $90200 and accumulated depreciation of $45000. As a result of the sale,

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Sheffield Corporation sold equipment for $31400. The equipment had an original cost of $90200 and accumulated depreciation of $45000. As a result of the sale, O net income will increase $31400. O net income will decrease $31400. O net income will increase $13800. O net income will decrease $13800

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