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Walmont Company sold a piece of equipment for $200,000 cash. The equipment originally cost $2,500,000 and had $2,150,000 in accumulated depreciation as of the date

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Walmont Company sold a piece of equipment for $200,000 cash. The equipment originally cost $2,500,000 and had $2,150,000 in accumulated depreciation as of the date of sale. To record this transaction, the journal entry would include: O A. a debit to equipment for $2,150,000. B. a debit to loss on disposal of plant assets of $150,000. C. a credit to gain on disposal of plant assets of $350,000 D. a credit to accumulated depreciation for $2,150,000. Reset Selection

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