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Equipment to be sold has a book value of $4,000. The cost of the equipment is $10,000. The cash received at sale is $2,000. What
Equipment to be sold has a book value of $4,000. The cost of the equipment is $10,000. The cash received at sale is $2,000. What is the gain or loss on disposal of the equipment?
A.
loss on disposal of $6,000
B.
loss on disposal of $2,000
C.
gain on disposal of $2,000
D.
loss on disposal of $4,000
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