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What the transaction would result in a

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Problem 1: A personal computer that originally cost $5,000 has no estimated salvage value and was depreciated at the rate of 20% a year. At the end of the third year, the computer was sold for $1,500 cash. The transaction would result in a

a. loss of $250.
b. gain of $1,500.
c. gain of $250.
d. loss of $1,500.

Reference no: EM132670929

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