jennydoesthings2474 jennydoesthings2474

24-11-2022
Business

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a capital projects fund buys equipment for $4,000,000. the equipment has a 4-year estimated life, straight-line, no residual value. the equipment is sold after 3 years for $200,000. which statement is true regarding the effect on the capital project fund's operating statement in the year the equipment is sold?

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