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A company sold equipment for $50,000. Total accumulated depreciation at the time of the sale was $20,000 and a loss of $10,000 was recognized on
A company sold equipment for $50,000. Total accumulated depreciation at the time of the sale was $20,000 and a loss of $10,000 was recognized on the sale. What was the original cost of the asset? A. $80,000 B. $40,000 C. $70,000 D. $60,000
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