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Sheridan Corporation sold equipment for $30800. The equipment had an original cost of $89000 and accumulated depreciation of $45400. As a result of the sale,

Sheridan Corporation sold equipment for $30800. The equipment had an original cost of $89000 and accumulated depreciation of $45400. As a result of the sale, O net income will decrease $12800. O net income will increase $12800. net income will increase $30800. net income will decrease $30800

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