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Equipment with an original cost of $59,562 and accumulated depreciation of $22,756 was sold at a loss of $7,837. As a result of this transaction, cash would Oa, decrease by $22.756 Ob, increase by $26,969 Oc, increase by $59.562 Od. decrease by $7.837

Equipment with an original cost of $59,562 and accumulated depreciation of $22,756 was sold at a loss of $7,837. As a result of this transaction, cash would Oa, decrease by $22.756 Ob, increase by $26,969 Oc, increase by $59.562 Od. decrease by $7.837

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Equipment with an original cost of $59,562 and accumulated depreciation of $22,756 was sold at a loss of $7,837. As a result of this transaction, cash would Oa, decrease by $22.756 Ob, increase by $26,969 Oc, increase by $59.562 Od. decrease by $7.837
Transcribed Image Text:Equipment with an original cost of $59,562 and accumulated depreciation of $22,756 was sold at a loss of $7,837. As a result of this transaction, cash would Oa, decrease by $22.756 Ob, increase by $26,969 Oc, increase by $59.562 Od. decrease by $7.837
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