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A copy machine costs $45,000 when new and has accumulated depreciation of $44,000, Suppose Print and Photo Center junks this machine, receiving nothing.
What is the result of the disposal transaction?
a. No gain or loss
b. Gain of $1,000
c. Loss of $1,000
d. Loss of $45,000
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Answers: 2
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A copy machine costs $45,000 when new and has accumulated depreciation of $44,000, Suppose Print and...
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