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Equipment that cost $ 1 4 7 0 0 0 and on which $ 1 2 7 0 0 0 of accumulated depreciation has been

Equipment that cost $147000 and on which $127000 of accumulated depreciation has been recorded was disposed of for $34000 cash. The entry to record this event would include a
gain of $14000.
credit to Accumulated Depreciation for $127000.
credit to the Equipment account for $34000.
loss of $14000.
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