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Question 7 1 pts Equipment that cost $96,000 and on which $49,000 of accumulated depreciation has been recorded was disposed of for $50,000 cash. Recording

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Question 7 1 pts Equipment that cost $96,000 and on which $49,000 of accumulated depreciation has been recorded was disposed of for $50,000 cash. Recording this event would include a(n) o increase to Accumulated Depreciation for $5,000. o loss of $3,000. O gain of $3,000. o decrease to Equipment account for $5,000

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