Question: Equipment that originally cost $ 8 , 0 0 0 has associated accumulated depreciation of $ 6 , 7 0 0 . If this equipment

Equipment that originally cost $8,000 has associated accumulated depreciation of $6,700. If this equipment is sold for $2,000 cash, the event would result in a
a. gain of $2,000.
b. gain of $700.
c. loss of $700.
d. loss of $1,300.
Equipment that originally cost $ 8 , 0 0 0 has

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