Chartered Financial Analyst Level 1
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An analyst gathers the following information about a company's equipment base:
- Beginning balance of accumulated depreciation: €7,000,000
- Ending balance of accumulated depreciation: €8,000,000
- Depreciation expense for equipment: €4,000,000
The company sold equipment with a historical cost of €5,000,000 and reported a loss on sale of €250,000. The cash received from the sale of equipment is:
An analyst gathers the following information about a company's equipment base:
- Beginning balance of accumulated depreciation: €7,000,000
- Ending balance of accumulated depreciation: €8,000,000
- Depreciation expense for equipment: €4,000,000 The company sold equipment with a historical cost of €5,000,000 and reported a loss on sale of €250,000. The cash received from the sale of equipment is:
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