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1the following selected information is from ellerby


1.The following selected information is from Ellerby Company's comparative balance sheets.

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The income statement reports depreciation expense for the year of $ 18,000. Also, furniture costing $ 52,500 was sold for its book value. Compute the cash received from the sale offurniture. 

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Managerial Accounting: 1the following selected information is from ellerby
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