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4. A company sells a plant asset which originally cost $250,000 for $100,000 on December 31, 2020. The Accumulated Depreciation account had a balance of
4. A company sells a plant asset which originally cost $250,000 for $100,000 on December 31, 2020. The Accumulated Depreciation account had a balance of $175,000 after the current year's depreciation of $45,000 had been recorded. The entry to record the sale is: a. Cash 100,000 Equipment 250,000 Accumulated Depreciation 175,000 sells 100, o Gain on Sale 175,000 b Cash 100,000 Dexr. Accumulated Depreciation 175,000 Equipment 250,000 Gain on Sale 25,000 Cash 100,000 Equipment 250,000 Accumulated Depreciation 175,000 Loss on Sale 175,000 d. Cash 100,000 Accumulated Depreciation 175,000 Equipment 250,000 Loss on Sale 25,000 C
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