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nde s pays 000 A machine that was purchased for $120.000 has accumulated depreciation of $80,000 The business exchanges the machine for a new one.

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nde s pays 000 A machine that was purchased for $120.000 has accumulated depreciation of $80,000 The business exchanges the machine for a new one. Then As the change has commercial substance. This exchange results in a O A gain of $10,000 OB gain of $20,000 OC loss of $20,000 OD loss of $40,000

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