Equipment originally costing $65,000 has accumulated depreciation of $25,000. If the equipment is sold for $30,000, the company should record: Multiple Choice A gain of $10,000. A loss of $10,000. A loss of $35,000. No gain or loss.
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Home » Business » Equipment originally costing $65,000 has accumulated depreciation of $25,000. If the equipment is sold for $30,000, the company should record: Multiple Choice A gain of $10,000. A loss of $10,000. A loss of $35,000. No gain or loss.