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On June 30, Vende, Inc. sold some used equipment for $30,000. The equipment had been purchased several years ago for $65,000. Vende properly recorded a
On June 30, Vende, Inc. sold some used equipment for $30,000. The equipment had been purchased several years ago for $65,000. Vende properly recorded a $7,000 gain on the sale. The accumulated depreciation on the equipment at the date of sale was: Select one:
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