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The Jones and Brown medical practice bought new equipment for a total price of $50,000. The old equipment that was being replaced was traded in

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The Jones and Brown medical practice bought new equipment for a total price of $50,000. The old equipment that was being replaced was traded in on the new equipment. The seller allowed $10,000 for the equipment that was traded in. What is the resulting Jones and Brown cash ow? $50,000 $10,000 $40,000 None of these is correct

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