Rusk Company sold equipment for $5,100 cash that had cost $35,000 and had $29,000 of accumulated depreciation.

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Rusk Company sold equipment for $5,100 cash that had cost $35,000 and had $29,000 of accumulated depreciation. How is this event reported in a statement of cash flows using the direct method?

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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