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equipment costing $200,000 with accumulated depreciation of $160,000 is sold at a loss of $10,000. this implies that $30,000 cash was recieved from the sale.

equipment costing $200,000 with accumulated depreciation of $160,000 is sold at a loss of $10,000. this implies that $30,000 cash was recieved from the sale. True or false

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