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48 1.42 points flook Equipment that cost $70,000 was sold for $21,000 cash. Accumulated depreciation on the asset was $54,000. The entry to record the

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48 1.42 points flook Equipment that cost $70,000 was sold for $21,000 cash. Accumulated depreciation on the asset was $54,000. The entry to record the sale includes a credit to the Equipment account for Multiple Choice $5,000 $16,000 O $21,000 570,000

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