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20. Slipper Company sold a productive asset, a machine, for cash. It originally cost Slipper $24,000. The accumulated depreciation at the date of disposal was

20. Slipper Company sold a productive asset, a machine, for cash. It originally cost Slipper $24,000. The accumulated depreciation at the date of disposal was $19,000. A gain on the disposal of $2,400 was reported. What was the asset's selling price? Multiple Choice $4,800. $2,600. $5,000. $7,400.

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