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b ) Assume that Davidson, DDS , sold the old furniture that was being replaced. The old furniture had originally cost $ 3 , 0

b) Assume that Davidson, DDS, sold the old furniture that was being replaced. The old furniture had originally cost $3,000, and its book value at the time of the sale was $400. Record the sale of the old furniture under each of the following conditions:
The furniture sold for $780 cash
The furniture sold for $250 cash
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