Silverado Inc, an international metals company, reported a loss on the sale of equipment of $2 million.The company ' s income statement shows depreciation expense of $8 million and the cash flow statement shows capital expenditures of $10 million, all of which was for the purchase of new equipment.Using the following information from the comparative balance sheets, how much cash did the company receive from the equipment sale?

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The Answer of Silverado Inc, an international metals company, reported a loss on the sale of equipment of $2 million.The company ' s income statement shows depreciation expense of $8 million and the cash flow statement shows capital expenditures of $10 million, all of which was for the purchase of new equipment.Using the following information from the comparative balance sheets, how much cash did the company receive from the equipment sale?

Silverado Inc, an International Metals Company, Reported a Loss on the Sale