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What are the amounts that will affect cash flow statement

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Question - Equipment that cost $200,000 and had a book value of $104,000 was sold for $120,000. Data from the comparative balance sheets are:

 

12/31/17

12/31/18

Equipment                          

$1,440,000

$1,300,000

Accumulated Depreciation

$440,000

$380,000

What are the amounts that will affect the cash flow statement?

 

Depreciation Expense

Equipment Expense

a.

$172,000

$400,000

b.

$156,000

$340,000

c.

$36,000

$140,000

d.

$24,000

$60,000

Reference no: EM131966869

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