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A book manufacturing company sells equipment for $450,000 when the book value of the equipment is $400,000. The company should record the extra $50,000 as:
A book manufacturing company sells equipment for $450,000 when the book value of the equipment is $400,000. The company should record the extra $50,000 as: Group of answer choices accumulated depreciation, increasing assets and shareholders' equity. cash, increasing assets and shareholders' equity. revenue, increasing net income and shareholders' equity. a gain, increasing net income and shareholders' equity
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