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Information from the statement of financial position of Sherford Co can be found in the table. During the year ended 31 December 20X2 machinery that had an original cost of $16 and accumulated depreciation of $10 was sold. The amounts to be included for depreciation and purchases of plant and machinery in the statement of cash flows and related notes for the year ended 31 December 20X2 are:
A. Depreciation $3, Purchases of plant and machinery $49. B. Depreciation $23, Purchases of plant and machinery $17. C. Depreciation $23, Purchases of plant and machinery $49. D. Depreciation $3, Purchases of plant and machinery $17. | ||||||||||||||