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Angel Company sold equipment that originally cost $60,000 for $10,000. Accumulated depreciation at the time of sale is $45,000. Does Angel have a gain or

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Angel Company sold equipment that originally cost $60,000 for $10,000. Accumulated depreciation at the time of sale is $45,000. Does Angel have a gain or loss on this disposal? Select one: O a. $50,000 loss O b. $5,000 gain O c. $5,000 loss O d. $35,000 loss

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