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ABC Company sold some of its used equipment for $10,000 cash. At the time of disposal the equipment had a cost of $45,000 and accumulated
ABC Company sold some of its used equipment for $10,000 cash. At the time of disposal the equipment had a cost of $45,000 and accumulated depreciation of $30,000. ABC Company should record a: t of estion o a. $15,000 gain on disposal O b. $5,000 loss on disposal Oc. $15,000 loss on disposal O d. $5,000 gain on disposal
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