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Cassidy Lake Corporation Sold Some of Its Used Equipment for $65,000.The

Question 39

Multiple Choice

Cassidy Lake Corporation sold some of its used equipment for $65,000.The indirect method statement of cash flows shows an addition to net income of $6,000.The accumulated depreciation on the equipment to date of sale was $63,000.The original cost of the equipment was:


A) $69,000
B) $71,000
C) $134,000
D) $122,000

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