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Business, 26.02.2020 01:23 klrm9792

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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