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Question: During 2018 equipment was sold for $73,000. This equipment cost $120,000 and had a book value of $70,000. Accumulated depreciation for equipment was $325,000 at 12/31/17 and $310,000 at 12/31/18.

Instructions: What three items would be shown on a statement of cash flows (indirect method) from this information? Show your calculations.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92716742

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