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5/2022] HTM240NHB - Koumarelas ge On December 31, 2021, Gildor Cafe had machinery that cost $35,000 and has accumulated depreciation to date of $19,000. If
5/2022] HTM240NHB - Koumarelas ge On December 31, 2021, Gildor Cafe had machinery that cost $35,000 and has accumulated depreciation to date of $19,000. If the asset is sold for $15,000, which of the following is true? Select one: O a. A loss of $1,000 will be recorded b. A gain of $500 will be recorded c. Accumulated depreciation will be adjusted so book value is equal to $1,000 d. A gain of $500 will be recorded Fin Next page Tim
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