A firm sells old equipment for cash above its book value (taxes will have to...
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Accounting
A firm sells old equipment for cash above its book value taxes will have to be paid on the gain above the book value Mark all accountsitems this transaction affects.
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a
Cash
b
Accumulated depreciation
c
Financing Cash flow
d
Tax expense
e
Interest expense
f
Sales revenue
g
Investment cash flow
h
Common stock
i
Net income
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