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An asset that cost $ 2 0 , 0 0 0 and has accumulated depreciation of $ 1 7 , 0 0 0 is sold

An asset that cost $20,000 and has accumulated depreciation of $17,000 is sold for $4,000. This sale will result in a:
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loss of $13,000.
gain of $4,000.
loss of $16,000.
gain of $1,000.

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