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Tony Company sells equipment for $20,000 cash. The equipment has a historical cost of $60,000 and accumulated depreciation of $51,000. What is the gain or

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Tony Company sells equipment for $20,000 cash. The equipment has a historical cost of $60,000 and accumulated depreciation of $51,000. What is the gain or loss on sale of the equipment? O A $20.000 loss O B. $20,000 gain O C. $11,000 loss OD. $11,000 gain

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