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Q12-46 Photosmart Camera Co. sold equipment with a cost of $18,000 and accumulated depreciation of...

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Accounting

Q12-46 Photosmart Camera Co. sold equipment with a cost of $18,000 and accumulated depreciation of $6,000 for an amount that resulted in a gain of $4,000. What amount should Photosmart report on the statement of cash flows as proceeds from sale of plant assets? a. $16,000 b. $12,000 c. $8,000 d. Some other amount

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