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Keisler Corporation reports: 2016 2017 Equipment, December 31 $10,000 $20,000 Accumulated depreciation, December 31 ($5,000) ($7,000)...

Keisler Corporation reports: 2016 2017 Equipment, December 31 $10,000 $20,000 Accumulated depreciation, December 31 ($5,000) ($7,000) Depreciation Expense of Equipment $5,000 Gain on disposal of Equipment $2,000 During 2017, Keisler sold equipment which has original cost of $5,000. Additional purchase of equipment in 2017 was paid in cash. No other investing activities are reported in 2017. What is cashflows by investing activities in 2017? Group of answer choices

$(10,000).

$4,000.

$(8,000).

$(11,000).

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ekkarill92 answered 1 year ago
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