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How do compute cash received from the sale of equipment

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Reference no: EM132954660

Green Company reports depreciation expense of $51,000 for Year 2. Also, equipment costing $173,000 was sold for a $6,100 gain in Year 2. The following selected information is available for Green Company from its comparative balance sheet.

Problem 1: Compute the cash received from the sale of the equipment.

At December 31                                      Year 2                    Year 1

Equipment                                         $665,000               $838,000

Accumulated Depreciation-Equipment         472,000             555,000

Reference no: EM132954660

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