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Three years ago, a company purchased a delivery truck for $50,000. The company has recorded a total of $34,000 of depreciation expense over the three
Three years ago, a company purchased a delivery truck for $50,000. The company has recorded a total of $34,000 of depreciation expense over the three years of using the truck (the net book value of the truck is $16,000). The company sells the truck for $18,000. What is the company's investing cash flow related to the sale of the truck? (Enter inflow as a positive or outflow as a negative)
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