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Stormin Normans Resort sold two golf carts for a total of $4,000 in order to raise cash. The resorts managers had originally bought the carts
Stormin Normans Resort sold two golf carts for a total of $4,000 in order to raise cash. The resorts managers had originally bought the carts for a total of $6,000. The accumulated depreciation on both carts was $4,000. The resorts managers will have to record a (gain or loss) of $ on the sale of these carts.
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