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What the company must recognize

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Reference no: EM132518489

Question 1: The company discarded an equipment that cost $8,000. The accumulated depreciation is $7,200 on the date of disposal. The company must recognize:

Option a. No gain or loss

Option b. Loss of $800

Option c. Gain of $800

Option d. Loss of $8,000

Reference no: EM132518489

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