Elance Exams Answers PDF file

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Acme Co. sold a piece of equipment for $10,000; the depreciated value was $2,000; what is reflected on the Cashflows from investing activities in the period of disposal?

No effect, this transaction will be reflected in the Cashflows from financing activities
$8,000 source of cash from sale of PP&E
$2,000 source of cash from sale of PP&E
$10,000 source of cash from sale of PP&E
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