The following selected information is from Mooney Company’s comparative balance sheets. At December 31 2011 2010 Furniture $ 155,000 $ 260,000 Accumulated depreciation—Furniture (74,400) (121,400) ________________________________________ Th
raaat_The following selected information is from Mooney Company’s comparative balance sheets.
At December 31 2011 2010
Furniture $ 155,000 $ 260,000
Accumulated depreciation—Furniture (74,400) (121,400)
________________________________________
The income statement reports depreciation expense for the year of $36,000. Also, furniture costing $105,000 was sold for its book value.
Compute the cash received from the sale of furniture. (Omit the "$" sign in your response.)
Cash received $
14 years ago
999999.99
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