Question: When a machine having a net book value of $34,000 is sold for $38,500: Multiple Choice current assets Increase, equipment (net) decreases, and net

When a machine having a net book value of $34,000 is sold

When a machine having a net book value of $34,000 is sold for $38,500: Multiple Choice current assets Increase, equipment (net) decreases, and net Income Increases. current assets Increase, equipment (net) decreases, and net Income decreases. current assets decrease, equipment (net) Increases, and net Income Increases. current assets Increase, equipment (net) Increases, and net Income Increases.

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