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QUESTION
17) XYZ Company sold a machine with an original cost of $10,000. The accumulated depreciation associated with the machine at the time of sale was...
17) XYZ Company sold a machine with an original cost of $10,000. The accumulated depreciation associated with the machine at the time of sale was $7,000. As a result of the sale, total assets increased by $2,000. What was the sales price of the machine? A. b. c. d. $2,000 $5,000 $3,000 The answer cannot be determined from the information given
