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The cash received from the sale of property is

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Hailey Beach Resort reports beginning property, plant, and equipment, net of amortization, of $645,000 and an ending amount of $732,500.

The income statement shows amortization of $48,300 and a $5,600 loss on sale of property, plant, and equipment. Patton Park acquired $213,000 of property, plant, and equipment during the year. The cash received from the sale of property, plant, and equipment is:

Reference no: EM132316253

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