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What is the result of the disposal? transaction

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Problem 1: A copy machine cost ?$34 000 when new and has accumulated depreciation of ?$16 000. Suppose Quick Print scraps this? machine, receiving nothing. What is the result of the disposal? transaction?

A. no gain or loss
B. loss of ?$18 000
C. loss of ?$16 000
D. gain of ?$18 000

Reference no: EM132984785

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