Question: Question 35 (2 points) If a fixed asset has a cost of $75,000 and accumulated depreciation of $60,000 is sold for $25,000, the company would

Question 35 (2 points) If a fixed asset has a cost of $75,000 and accumulated depreciation of $60,000 is sold for $25,000, the company would recognize a gain of $10,000. True False

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