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Equipment was sold for $50.000 The equipment was original purchased for $35.000. At the time of the sale, the equipment had accumulated depreciation of $30,000.

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Equipment was sold for $50.000 The equipment was original purchased for $35.000. At the time of the sale, the equipment had accumulated depreciation of $30,000. Calculate the gain or loss to be recorded on the sale of equipment Mimple Choice O Can of $20,000 O 3.000 .00 O can.com

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