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A company sold equipment that originally cost $100,000 for $60,000 cash. The accumulated depreciation on the equipment was $40,000. The company should recognize a:
A company sold equipment that originally cost $100,000 for $60,000 cash. The accumulated depreciation on the equipment was $40,000. The company should recognize a: $60,000 gain. $0 gain or loss. $40,000 loss. O $20,000 gain. O $20,000 loss.
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