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A Copy machine cost $43,000 when new and has accumulated depreciation of $42,000 Suppose Copy Center sold the machine for $1,000. What is the result

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A Copy machine cost $43,000 when new and has accumulated depreciation of $42,000 Suppose Copy Center sold the machine for $1,000. What is the result of this disposal transaction? A Gain of $1,000 B. Loss of $42,000 C. Loss of $1,000 D. No gain or loss

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