What is cash from asset sale-what is profit from asset sale

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Reference no: EM131819784

A firm buys capital equipment for $1000 in Year 0. The annual depreciation, starting in Year 1, is $200. In Year 3, immediately after taking the third depreciation, the firm sells the equipment for $450.

What is the cash from asset sale and what is the profit from asset sale? Enter inflows as a positive number and outflows as a negative number.

Reference no: EM131819784

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