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Un Company sold office equipment with a cost of $41,860 and accumulated depreciation of $37,553 for $5,900. Required What is the book value of the
Un Company sold office equipment with a cost of $41,860 and accumulated depreciation of $37,553 for $5,900. Required What is the book value of the asset at the time of sale? What is the amount of gain or loss on the disposal? How would the sale affect net income (increase, decrease, no effect) and by how much? How would the sale affect the amount of total assets shown on the balance sheet (increase, decrease, no effect) and by how
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