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Franco Company sold office furniture for $2,300 cash. The furniture cost $70,000 and had accumulated depreciation through the date of sale totaling 539,000. The company
Franco Company sold office furniture for $2,300 cash. The furniture cost $70,000 and had accumulated depreciation through the date of sale totaling 539,000. The company will recognize O A. a loss of $28,700 OB. a loss of $31.000 O C. a gain of $31,000 OD. a gain of $28.700
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