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    Exam 10: Plant Assets, Natural Resources, and Intangible Assets
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    Powell's Courier Service Recorded a Loss of $3,000 When It
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Powell's Courier Service Recorded a Loss of $3,000 When It

Question 20

Question 20

Multiple Choice

Powell's Courier Service recorded a loss of $3,000 when it sold a van that originally cost $28,000 for $5,000. Accumulated depreciation on the van must have been


A) $26,000.
B) $8,000.
C) $25,000.
D) $20,000.

Correct Answer:

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