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In 2019, BayKing Company sold used equipment for 515,000. The equipment had an original cost of 590,000 and accumulated depreciation as of the date of
In 2019, BayKing Company sold used equipment for 515,000. The equipment had an original cost of 590,000 and accumulated depreciation as of the date of sale was $66,000. Bayking also purchased held-to-maturity Securities for $7.000. What is the gain or loss on the sale of the equipment? O A. $9.000 loss OB. $17.000 loss OC. 524,000 gain OD. $32,000 gain 11
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