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The net book value of Falcon Inc.'s property, plant, and equipment (PP&E) was $734,550 on January 1,20Y4, and $658,000 on December 31, 20Y4. During 20Y4,
The net book value of Falcon Inc.'s property, plant, and equipment (PP\&E) was $734,550 on January 1,20Y4, and $658,000 on December 31, 20Y4. During 20Y4, Falcon recognized $50,400 of depreciation expense on the PP\&E, acquired $215,800 of new PP\&E, and recognized a $5,600 loss on the sale of old PP\&E. How much cash did Falcon receive from the sale of PP\&E during 20Y4? $236,350 $241,950 $247,550 $286,750 None of the above
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