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Motor Sales sold its old office furniture for $5,500. The original cost was $18,000, and at the time of sale, accumulated depreciation was $16,000. What

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Motor Sales sold its old office furniture for $5,500. The original cost was $18,000, and at the time of sale, accumulated depreciation was $16,000. What is the effect of this transaction? A. gain of $3,500 B. loss of $3,500 C. gain of $5,500 D. loss of $5,500

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