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9 (1 point) 5. An asset that cost $25,000 was retired and sold for $16,000 cash. Accumulated depreciation on the asset was $14,000. The entry
9 (1 point) 5. An asset that cost $25,000 was retired and sold for $16,000 cash. Accumulated depreciation on the asset was $14,000. The entry to record this retirement and sale calls for recognizing: O a. no gain or loss. b. a gain of $4,000. c. a loss of $9,000. d. a gain of $5,000
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