Reference no: EM133032208
Problem - Squeeze Industries produced the following items related to the statement of cash flows:
Equipment - beginning balance: $65,000; ending balance: $72,000
Accumulated depreciation, equipment - beginning balance: $22,000; ending balance: $18,000
Depreciation expense, equipment: $13,000
Gain on sale of equipment: $8,000
Cash purchase of new equipment: $30,000
One equipment sale was made for cash.
Required - How much cash was received from this sale?
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