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Schwerin Corporation reports the following on its 2022 financial statements. From statement...

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Accounting

Schwerin Corporation reports the following on its 2022 financial statements.
From statement of cash flows
Cash proceeds from sale of equipment $210 million
Cash outflow from purchase of equipment 125 million
Depreciation 30 million
Gain from sale of equipment 60 million
The net book value of equipment sold was:
A.
$210 million
B.
$125 million
C.
$150 million
D.
$120 million

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