i am stuck on the following problem. here is a pic of the problem
please include all work/how you got the answers
thanks in advance
Book value = cost - accumulated depreciation
Loss on sale = sale price-Book value
Net income decreases by $2000 loss.
Total Assets decreases by sale of fixed asset to the tune of book value $8000.
Cash inflow from investing activities increases by $6000 sale proceed of asset.
Pl best my answer.
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