Question: Multiple Choice Question Martinez Co. sells a machine that cost $10,000 with accumulated depreciation of $8,000 for $2,000 cash. The entry to record this transaction

Multiple Choice Question Martinez Co. sells a machine that cost $10,000 with accumulated depreciation of $8,000 for $2,000 cash. The entry to record this transaction will recognize a gain or loss of how much? Multiple choice question. There is a loss of $2,000. There is no gain or loss. There is a loss of $8,000. There is a gain of $2,000. There is a gain of $8,000

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