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An asset with a cost of $50,000 and accumulated depreciation of $35,000 is sold for $13,000. Which of the following is included in the entry
An asset with a cost of $50,000 and accumulated depreciation of $35,000 is sold for $13,000. Which of the following is included in the entry ?
a
A debit to Gain on Sale for $2,000
b
A credit to Gain on Sale for $2,000
c
A debit to Loss on Sale for $2,000
d
A credit to Loss on Sale for $2,000
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