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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.
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