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Cash Company recently sold equipment and recognized a $1.4 million loss. The original cost of the equipment was $12 million and the accumulated depreciation on

Cash Company recently sold equipment and recognized a $1.4 million loss. The original cost of the equipment was $12 million and the accumulated depreciation on the date of sale was $8.4 million. What was the selling price of the equipment?

$2.2 million.

$3.6 million.

$5.0 million.

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