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A company owns equipment that cost $ 3 0 0 , 0 0 0 . The books reflect accumulated depreciation of $ 2 0 0

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A company owns equipment that cost $300,000. The books reflect accumulated depreciation of $200,000. They sell it for $100,000. What would the gain or loss be on the sale?
$200,000 gain
$0
$100,000 loss
$300,000 gain
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