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Question 1: 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:
Option A) $125,500
Option B) $71,600
Option C) $82,800
Option D) $77,200
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2013 westgate construction company entered into a contract to prepare a road for santa clara county for 10000000. the
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