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The following selected information is from ellerby company

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Reference no: EM13900081

1.The following selected information is from Ellerby Company's comparative balance sheets.

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The income statement reports depreciation expense for the year of $ 18,000. Also, furniture costing $ 52,500 was sold for its book value. Compute the cash received from the sale offurniture. 

Reference no: EM13900081

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