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Use the following information for a Company to answer the following question: During 2022 , the company sold equipment with a cost of $30,000 and

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Use the following information for a Company to answer the following question: During 2022 , the company sold equipment with a cost of $30,000 and accumulated depreciation of $25,000. A gain of $3,000 was recognized on the sale of the equipment. What amount would be reported as the cash proceeds from the sale of the equipment? $2,000$8,000$3,000$5,000

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