Fully depreciated equipment costing $55,000 was discarded. What was the effect of the transaction on cash flows

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Fully depreciated equipment costing $55,000 was discarded. What was the effect of the transaction on cash flows if
(a) $5,000 cash is received,
(b) No cash is received?

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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

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

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Question Posted: May 29, 2012 05:36 AM

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Fully depreciated equipment costing $55,000 was discarded. What was the effect of the transaction on cash flows

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Financial Accounting An Integrated Statements Approach

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