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9) Equipment that cost $210,000 and on which $100,000 of accumulated depreciation has been recorded was disposed of for $90,000 cash. The entry to record
9) Equipment that cost $210,000 and on which $100,000 of accumulated depreciation has been recorded was disposed of for $90,000 cash. The entry to record this event would include
a. a gain of $20,000.
b. a loss of $20,000.
c. a credit to the Equipment account for $110,000.
d. a credit to Accumulated Depreciation for $100,000.
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