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A company receives $3,000 cash for selling a machine that had original acquisition cost of $20,000 and accumulated depreciation of $13,000. What is the gain
A company receives $3,000 cash for selling a machine that had original acquisition cost of $20,000 and accumulated depreciation of $13,000. What is the gain or loss, if any, for this sale? A. 3000 B. 4000 C.2000 D. 2500
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