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Suffolk Associates sold office furniture for cash of $41,000. The accumulated depreciation at the date of sale amounted to $33,000, and a gain of $13,500

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Suffolk Associates sold office furniture for cash of $41,000. The accumulated depreciation at the date of sale amounted to $33,000, and a gain of $13,500 was recognized on the sale. The original cost of the asset must have been: 3.43 points Multiple Choice Skipped $19,500 Print $46,500. $54,500. $60,500

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