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Homework Help The Club sold a van for $45,000 to raise cash. The van was originally purchased for $90,000 and the accumulated depreciation was $55,000.

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The Club sold a van for $45,000 to raise cash. The van was originally purchased for $90,000 and the accumulated depreciation was $55,000. You will have to record a of on the sale of this van. Gain; $35,000. Loss; $10,000. Gain; $10,000. Loss; $55,000

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