Un Company sold office equipment with a cost of $23,000 and accumulated depreclation of $12,000...
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Accounting
Un Company sold office equipment with a cost of $23,000 and accumulated depreclation of $12,000 for $14,000. Required a. What is the book value of the asset at the time of sale? b. What is the amount of gain or loss on the disposalr c. How would the sale affect net income (ncrease, decrease, no effect) and by how much? d. How would the sale affect the amount of total assets shown on the balance sheet (ncrease, decrease, no effect) and by e. How would the event affect the statement of cash flows (inflow, outflow, no effect) and in what section? how a. Book value b. Gain (loss) on sale C.Net income would d. Total assets would 0.Effect by by
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