On May 1,2023, Woodhaven, Inc. purchased furniture and equipment with a four-year useful life for...
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Accounting
On May Woodhaven, Inc. purchased furniture and equipment with a fouryear useful life for $ Woodhaven, Inc. uses the straightline method of depreciation and has no estimated salvage value for these assets. On December Woodhaven sold this furniture and equipment and recorded a loss on sale of $ What will Woodhaven record as the proceeds from this transaction in the statement of cash flows?
Select one:
a $
b $
c $
d $
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