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A company sold a tractor that originally cost $85,000 for $20,000 cash. The accumulated depreciation on the tractor was $60.000. The company should recognize Multiple

image text in transcribed A company sold a tractor that originally cost $85,000 for $20,000 cash. The accumulated depreciation on the tractor was $60.000. The company should recognize Multiple Choice A loss of $5,000 A gain of $5,000 O A loss of $20,000. A gain of $65,000. A gain of $20,000

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