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Equipment that cost $95000 and on which $49000 of accumulated depreciation has been recorded was disposed of for $56000 cash. The entry to record this

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Equipment that cost $95000 and on which $49000 of accumulated depreciation has been recorded was disposed of for $56000 cash. The entry to record this event would include a gain of $10000 O loss of $10000 O credit to Accumulated Depreciation for $13000 O credit to the Equipment account for $13000

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