Question: Which accounts are affected, and in which direction, when a company disposes of a piece of equipment for cash, where the amount of cash received
Which accounts are affected, and in which direction, when a company disposes of a piece of equipment for cash, where the amount of cash received is greater than the book value of the equipment? Question 15 options: a) Cash and sales revenue both increase, and equipment and depreciation expense both decrease. b) Equipment and accumulated depreciation both decrease, cash increases, and the difference decreases depreciation expense. c) Equipment
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