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What is the result of the disposal transaction

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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

 

Reference no: EM13507116

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