Accumulated depreciation on the machine


A company sold a machine that originally cost $100,000 for $60,000 cash. The accumulated depreciation on the machine was $40,000. The company should recognize a:

A) $0 gain or loss

B) $20,000 gain

C) $20,000 loss

D) $40,000 loss

E) $60,000 gain

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Accounting Basics: Accumulated depreciation on the machine
Reference No:- TGS067029

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