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Equipment that cost $96000 and on which $49000 of accumulated depreciation has been recorded was disposed of for $5 cash. the entry to record this event would include a
a. credit to accumulated depreciation for $5000.
b. credit to the equipment account for $5000.
c. gain of $3000.
d. loss of $3000.
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Equipment that cost $96000 and on which $49000 of accumulated depreciation has been recorded was dis...
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