Refer to the data in QS 16-11. Furniture costing $55,
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Refer to the data in QS 16-11. Furniture costing $55,000 is sold at its book value in 2017. Acquisitions of furniture
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Refer to the data in QS 16-11. Furniture costing $55,000 is sold at its book value in 2017. Acquisitions of furniture total $45,000 cash, on which no depreciation is necessary because it is acquired at year-end. What is the cash inflow related to the sale of furniture?
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