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An asset that cost 25000 was retired and sold for 16000 cash . accumulated depreciation on the asset was 14000 . The entry to record
An asset that cost 25000 was retired and sold for 16000 cash . accumulated depreciation on the asset was 14000 . The entry to record this retirement and sale calls for recognizing no gain or loss gain of 4000 a loss of 9000 gain of 5000
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