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Morton's Courier Service Recorded a Loss of $7,500 When It

Question 71

Multiple Choice

Morton's Courier Service recorded a loss of $7,500 when it sold a van that originally cost $70,000 for $12,500.Accumulated depreciation on the van must have been


A) $65,000.
B) $20,000.
C) $62,500.
D) $50,000.

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