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Question 9 Ques 1 pts Taylor Company owns equipment that cost $40,000, with accumulated depreciation of $38,300. On November 12, Taylor disposes of the equipment

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Question 9 Ques 1 pts Taylor Company owns equipment that cost $40,000, with accumulated depreciation of $38,300. On November 12, Taylor disposes of the equipment and receives nothing in return. In the journal entry to record the disposal, the company will have to record a: $1,700 loss $1,300 gain $40,000 loss $38,300 loss

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