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A company sold equipment that originally cost $290,000 for $145,000 cash. The accumulated depreciation on the equipment was $145,000. The company should recognize a: Multiple

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A company sold equipment that originally cost $290,000 for $145,000 cash. The accumulated depreciation on the equipment was $145,000. The company should recognize a: Multiple Choice $0 gain or loss. $72,500 gain. $72,500 loss. $145,000 loss. $145,000 gain

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