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company sells machinery for $6k. It was depreciated to its estimated residual value of $10k. this sale results in: a - 4k loss in both
company sells machinery for $6k. It was depreciated to its estimated residual value of $10k. this sale results in:
a - 4k loss in both financial statements and income tax return
b - no gain or loss in either
c - 4k loss in financial statements; 4k gain in income tax return
d - 4k loss in financial statements; no gain or loss in income tax return
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