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Equipment with a Cost of $34,000 and Accumulated Depreciation of $7100

Question 93

Multiple Choice

Equipment with a cost of $34,000 and accumulated depreciation of $7100 was sold for $48,000. What was the amount of net cash provided by (used for) investing activities?


A) $(20,000)
B) $251,000
C) $20,000
D) $(251,000)

Correct Answer:

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