Solution-Compute the amount of cash received

Compute the amount of cash received

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Reference no: EM13546263

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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Compute the amount of cash received

Reference no: EM13546263

Reference no: EM13546263

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