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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 form receive from the sale? $20,000 $50,000 $90.000

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