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Lovick Inc. Had a machine which cost $50,000 and had a useful life of 5 years and no residual value. After two years, it sold

Lovick Inc. Had a machine which cost $50,000 and had a useful life of 5 years and no residual value. After two years, it sold the machine for a $5,000 loss.For what amount was the machine sold?

A. $30,000

B. $35,000

C. $5,000

D. $50,000

E. $25,000

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