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Equipment that cost $140000 and on which $122000 of accumulated depreciation has been recorded was disposed of for $27000 cash. The entry to record this

Equipment that cost $140000 and on which $122000 of accumulated depreciation has been recorded was disposed of for $27000 cash. The entry to record this event would include a O credit to the Equipment account for $27000. O gain of $9000. O loss of $9000. O credit to Accumulated Depreciation for $122000

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