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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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