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The net book value of equipment sold was: Schwerin Corporation reports the following on its 2005 financial statements. 2004 2005 From statement of cash flows:

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The net book value of equipment sold was: Schwerin Corporation reports the following on its 2005 financial statements. 2004 2005 From statement of cash flows: Cash proceeds from sale of equipment $ 100 million Cash outflow from purchase of equipment 170 million Depreciation 50 million Gain from sale of equipment 40 million $120 million $100 million $80 million $60 million

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