A fixed asset has an original cost of 32000 and is, Ask an Expert

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A fixed asset has an original cost of $32,000 and is three-fourths depreciated. The asset is sold for $10,000 – show how you derived your answer

1. What is the gain (+) or loss (-) on the sale of the asset

2. What amount is recorded in the CFO section of the CFS (positive or negative)?

3. What amount is recorded in the CFI section of the CFS (positive or negative)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91265476

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