The following information is taken from the balance sheet


The following information is taken from the balance sheet of Cheese Wheel Company: Depreciation expense of $15,000 was reported on the 2012 income statement. Equipment with an original cost of $35,000 was sold for its book value. Compute the amount of cash received from the sale of the equipment.

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Accounting Basics: The following information is taken from the balance sheet
Reference No:- TGS01411762

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