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If a catering van that was sold cost $50,000 to purchase, had accumulated depreciation of $30,000 and produced a gain on the sale of $5,000.

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If a catering van that was sold cost $50,000 to purchase, had accumulated depreciation of $30,000 and produced a gain on the sale of $5,000. How much cash was received? Select one: a. $25,000 b. $20,000 c. $5,000 d. $55,000

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