Multiple Choice
Cooper Resources,Inc.owns some equipment with an original cost of $53,800 and accumulated depreciation of $26,350.If the equipment is sold for $28,500,the gain or loss recognized on the sale would be:
A) $2,150 loss
B) $1,050 loss
C) $2,150 gain
D) $1,050 gain
Correct Answer:
Verified
Correct Answer:
Verified
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