Reference no: EM132844514
Question - From the comparative balance sheet:
Depreciation expense $1,100, Loss on sale of equipment 3,100, Beginning balance, equipment $12,500
Ending balance, equipment 7,900
Beginning balance, accumulated depreciation 1,900
Ending balance, accumulated depreciation 2,300
No new equipment was purchased during the year.
Required - What was the cash in-flow from the sale of equipment in 2020?
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