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    Exam 9: Reporting and Analyzing Long-Lived Assets
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    Morton's Courier Service Recorded a Loss of $6,000 When It
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Morton's Courier Service Recorded a Loss of $6,000 When It

Question 125

Question 125

Multiple Choice

Morton's Courier Service recorded a loss of $6,000 when it sold a van that originally cost $56,000 for $10,000. Accumulated depreciation on the van must have been


A) $52,000.
B) $16,000.
C) $50,000.
D) $40,000.

Correct Answer:

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