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A Photocopier Cost $95,000 When New and Has Accumulated Depreciation

Question 143

Multiple Choice

A photocopier cost $95,000 when new and has accumulated depreciation of $90,000.If the business discards this plant asset,the result is ________.

A) a loss of $5,000
B) a loss of $11,250
C) a gain of $5,000
D) no gain or no loss

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