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Lauko Equipment with an original cost of $75,000 and accumulated depreciation of $20,000 was sold at a loss of $7,000. As a result of this

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Lauko Equipment with an original cost of $75,000 and accumulated depreciation of $20,000 was sold at a loss of $7,000. As a result of this transaction, cash would Oa, increase by $48,000. Ob decrease by $27,000 Oc decrease by $7,000. Od. increase by $55,000

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