Fully depreciated equipment costing $100,000 was discarded. What was the effect of the transaction on cash flows

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Fully depreciated equipment costing $100,000 was discarded. What was the effect of the transaction on cash flows if
(a) $24,000 cash is received,
(b) No cash is received?

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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