Question: The following data are from a company's comparative balance sheets. The current year income statement reports depreciation expense on equipment of $7,500. During the year,

The following data are from a company's comparative balance sheets. The

The following data are from a company's comparative balance sheets. The current year income statement reports depreciation expense on equipment of $7,500. During the year, equipment costing $21,600 was sold for its book value. Compute cash received from the sale of equipment

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