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Equipment that cost $149.000 and on which $128,000 of accumulated depreciation has been recorded was disposed of for $35,000 cash. The entry to record this

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Equipment that cost $149.000 and on which $128,000 of accumulated depreciation has been recorded was disposed of for $35,000 cash. The entry to record this event would include a gain of $14,000 credit to Accumulated Depreciation for $128.000 loss of $14,000 credit to the Equipment account for $35.000

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