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Tony Company sells equipment for $20,000 cash. The equipment has a historical cost of $66,000 and accumulated depreciation of $51.000. What is the gain or

Tony Company sells equipment for $20,000 cash. The equipment has a historical cost of $66,000 and accumulated depreciation of $51.000. What is the gain or loss on sale of the equipment? A. $20.000 gain B. $20,000 loss OC. $5,000 loss OD. $5,000 gain

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