Elance Exams Answers PDF file

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Download PDF file of elance Zoho Creator Exam Answers

If a 4 year old asset (equipment) was sold on credit for the book value of $5,000, the total value of assets in the firm's accounting equation is ....?

Increased by $4,000
Decreased by $1,000
Increased by $5,000
Decreased by $5,000
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