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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
A piece of equipment that was originally purchased for $25,000, had accumulated depreciation of $18,000, and was sold for $8,000 would recognize a gain of $1,000.
Is this statement one that's true or false?
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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#2
6 years ago
Thank you so much

I wish I knew about this years ago
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