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Waco Cleaning Company sold equipment for $30,000 cash. The equipment had an original cost of $75,000 and accumulated depreciation of $50,000 as of the date
Waco Cleaning Company sold equipment for $30,000 cash. The equipment had an original cost of $75,000 and accumulated depreciation of $50,000 as of the date of sale. Which of the following would NOT be a financial statement impact of the sale? Equipment, decrease $25,000 All are financial statement impacts. Accumulated Depreciation, decrease $50,000 Gain on Sale of Equipment, increase $5,000 Cash, increase $30.000
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