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Posted on Oct 18, 2024

True or false equipment costing $ 1 4 , 0 0 0 with accumulated depreciation of $ 1 0 , 0 0 0 was sold

True or false equipment costing $

14, 000

with accumulated depreciation of $

10, 000

was sold for $

3000 .

The company should recognize a $

1000

loss on disposal of the equipment

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