Equipment costing $14,000 with accumulated depreciation of $10,000 was sold for $3,000. The company should recognize...
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Equipment costing $14,000 with accumulated depreciation of $10,000 was sold for $3,000. The company should recognize a $1,000 loss on disposal of the equipment. a. TRUE O b. FALSE Equipment costing $14,000 with accumulated depreciation of $10,000 was sold for $3,000. The company should recognize a $1,000 loss on disposal of the equipment. a. TRUE O b. FALSE
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