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7. Equipment that cost $155,000 and on which $125,000 of accumulated depreciation has been recorded and was disposed for $100 cash. The entry to record

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7. Equipment that cost $155,000 and on which $125,000 of accumulated depreciation has been recorded and was disposed for $100 cash. The entry to record this event would include a mark) Select one: a. gain of $19,000. b. loss of $29,000. c. credit to the Equipment account for $19,020. d. credit to Accumulated Depreciation for $19,040

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