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A company sold equipment that originally cost $350,000 for $210,000 cash. The accumulated depreciation on the equipment was $140,000. The company should recognize a: Multiple
A company sold equipment that originally cost $350,000 for $210,000 cash. The accumulated depreciation on the equipment was $140,000. The company should recognize a: Multiple Choice $0 gain or loss. $70,000 gain. O $70,000 loss. O $140,000 loss. $210,000 gain. O
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