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What is the effect of this sale on mays companys income

Mays Company sold a machine for $10,000 cash. The machine originally cost $65,000 and the company had recognized $53,000 in depreciation over the life of the machine. What is the effect of this sale on Mays Company's income statement and its statement of cash flows?

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Accounting Basics: What is the effect of this sale on mays companys income

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Accounting Basics: What is the effect of this sale on mays companys income

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