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Farmer Company sold a piece of equipment for $ 6 , 0 0 0 . The equipment had an original cost of $ 3 4

Farmer Company sold a piece of equipment for $6,000. The equipment had an original cost of $34,000 and accumulated depreciation of $31,000 at the time of the sale. Which of the following correctly shows the effect of the sale on the elements of the financial statements?

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