A copy machine cost ($40,000) when new and has accumulated depreciation of ($37,000.) Suppose Copies R Us
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A copy machine cost \($40,000\) when new and has accumulated depreciation of \($37,000.\) Suppose Copies R Us junks this machine, receiving nothing in return. What is the result of the disposal transaction?
a. Gain of \($3,000\)
b. Loss of \($3,000\)
C. Gain of \($37,000\)
d. Loss of \($40,000\)
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