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Vango, Inc. sold its van for $6,000 cash. The van's original cost was $40,000, and its accumulated depreciation was $32,000. When recording the sale, Vango
Vango, Inc. sold its van for $6,000 cash. The van's original cost was $40,000, and its accumulated depreciation was $32,000. When recording the sale, Vango should record a: A. gain of $2,000. B. loss of $8,000. C. gain of $6,000. D. loss of $2,000
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