Multiple Choice
A photocopy machine costs $95,000 when new and has accumulated depreciation of $88,000. Suppose the company junks this machine and receives nothing. What is the result of the disposal transaction?
A) loss of $ 7,000
B) no gain or no loss
C) loss of $ 11,000
D) gain of $ 7,000
Correct Answer:
Verified
Correct Answer:
Verified
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