Question: TB MC Qu . 0 8 - 1 2 6 ( Static ) A company sold a tractor... A company sold a tractor that originally

TB MC Qu.08-126(Static) A company sold a tractor...
A company sold a tractor that originally cost $85,000 for $20,000 cash. The accumulated depreciation on the tractor was $60,000. The company should recognize:
Multiple Choice
A loss of $5,000.
A gain of $5,000.
A loss of $20,000.
A gain of $65,000.
A gain of $20,000.

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