Equipment with a book value of $79,000 and an original cost of $166,000 was sold...
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Accounting
Equipment with a book value of $79,000 and an original cost of $166,000 was sold at a loss of $35,000.
Paid $103,000 cash for a new truck.
Sold land costing $315,000 for $420,000 cash, yielding a gain of $105,000.
Long-term investments in stock were sold for $92,800 cash, yielding a gain of $14,750.
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