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Corel Sales sold its old office furniture for $7,000. The original cost was $15,000, and at the time of sale, accumulated depreciation was $10,000. What
Corel Sales sold its old office furniture for $7,000. The original cost was $15,000, and at the time of sale, accumulated depreciation was $10,000. What is the effect of this transaction? gain of $7,000 loss of $2,000 gain of $2,000 loss of $7,000
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