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A piece of equipment was purchased two years ago for $50,000 and now has accumulated depreciation of $40,000. Suppose the piece of equipment was sold
A piece of equipment was purchased two years ago for $50,000 and now has accumulated depreciation of $40,000. Suppose the piece of equipment was sold for $11,000. What is the result of this disposal transaction? 
A piece of equipment was purchased two years ago for $50,000 and now has accumulated depreciation of $40,000. Suppose the piece of equipment was sold for $11,000. What is the result of this disposal transaction
A piece of equipment was purchased two years ago for $50,000 and now has accumulated depreciation of $40,000. Suppose the piece of equipment was sold for $11,000. What is the result of this disposal transaction?
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