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Question 2 2 pts Jose owns a piece of equipment that cost $87,000. A review of the balance sheet also shows a total accumulated
Question 2 2 pts Jose owns a piece of equipment that cost $87,000. A review of the balance sheet also shows a total accumulated depreciation amount of $40,000. The company sells the equipment for $42,000 cash. At the time of sale, the company should record: A loss on sale of $2,000. A loss on sale of $5,000. A gain on sale of $5,000. A gain on sale of $2,000.
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