Universal Corp. sold a used piece.. Universal Corp. sold a used piece of machinery for S11,000 that it hed purchased for $15,000. At the time of the sale, sccumulated depreciation relating to the machinery wes $6,000 As a result of this sale O assets increase by Stt.ooo O revenues increase by $2.000 O net income increases by $2.000 O assets decrease by $4000 al Corp sold a used piece 6 7 9
