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A company discarded a computer system originally purchased for $8,200. The accumulated depreciation was $7,000. The company should recognize a (an): Multiple Choice $1,200

A company discarded a computer system originally purchased for $8,200. The accumulated depreciation was $7,000. The company should recognize a (an): Multiple Choice $1,200 loss. $7,000 loss. $8,200 gain. $1,200 gain. $0 gain or loss.

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