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30 October, 23:31

When a machine having a net book value of $15,000 is sold for $12,000:?

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  1. 30 October, 23:42
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    The net book value of an asset is the difference between the cost of the asset and the accumulated depreciation.

    When a machine having a net book value of $15,000 is sold for $12,000 the current assets increase, net of equipment decreases, and net income also decreases.
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