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A firm recently recognized a $20,000 gain on the sale of machinery used in its manufacturing operation. The original cost of the machinery was $170.000

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A firm recently recognized a $20,000 gain on the sale of machinery used in its manufacturing operation. The original cost of the machinery was $170.000 and the accumulated depreciation at the date of sale was $100,000. What amount did the firm receive from the sale? $90,000 $50,000 $20,000

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