A corporation sold equipment for $32,000. The equipment had an original cost of $96,000 and...
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A corporation sold equipment for $32,000. The equipment had an original cost of $96,000 and accumulated depreciation of $48,000. Ignoring the tax effect, as a result of the sale Onet income will increase $32,000, O net income will decrease $32,000. net income will decrease $16,000. net income will decrease by $18,000. net income will increase $16,000
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