Compute the amount of cash received

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Computing Cash Received from the Sale of Property, Plant, and Equipment

Compute the amount of cash received from the sale of the property, plant, and equipment.

Practice 5-17

Computing Cash Paid to Purchase Property, Plant, and Equipment

Using the following information, compute cash paid to purchase property, plant, and equipment.

Depreciation expense

$10,000

 

End of Year

Beginning of Year

Property, plant, and equipment

$112,000

$106,000

Accumulated depreciation

31,000

44,000

During the year, property, plant, and equipment with an original cost of $35,000 was sold for a gain of $4,500.

Reference no: EM13546263

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