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The Washington Company had the following results in 2012: Account Balances End of...

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Accounting

The Washington Company had the following results in 2012:

Account Balances

End of Beginning of Year Year

Property, plant, and equipment $358,000 $347,000 Accumulated depreciation (256,000) (220,000) Net Property, plant, and equipment $102,000 $127,000

During the year the company sold an asset which had an original cost of $55,000 and accumulated depreciation of $31,000. How much depreciation expense for 2012 will be reported on the statement of cash flows?

$36,000

$5,000

$67,000

Not enough information is provided.

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