Question: An asset that cost $ 2 5 , 0 0 0 was retired and sold for $ 1 6 , 0 0 0 cash. Accumulated

An asset that cost $25,000 was retired and sold for $16,000

An asset that cost $25,000 was retired and sold for $16,000 cash. Accumulated depreciation on the asset was $14,000. The entry to record this retirement and sale calls for recognizing:
a. no gain or loss.
b. a gain of $4,000.
c. a loss of $9,000.
d. a gain of $5,000.
cash. Accumulated depreciation on the asset was $14,000. The entry to record

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