Homework Answers
| cashinflow from the sale of furniture | 50,840* |
| less: cash outflow for purchase of furniture | 45,000 |
| net cash flow from assets sale | 5,840 |
cost of furniture - depreciation = book value
55,000 - 4,160 = 50,840
depreciation for 55,000 of furniture = 55,000 x 9,000 / 119,000 = 4,160
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