Bundle: Managerial Accounting, 14th + Cengagenowv2, 1 Term Printed Access Card
Bundle: Managerial Accounting, 14th + Cengagenowv2, 1 Term Printed Access Card
14th Edition
ISBN: 9781337499989
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter 13, Problem 8DQ

Fully depreciated equipment costing $50,000 was discarded. What was the effect of the transaction on cash flows if (A) $15,000 cash is received for the equipment, and (B) no cash is received for the equipment?

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