Equipment with an original cost of $75,000 and accumulated depreciation of $20,000 was sold at...
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Accounting
Equipment with an original cost of $75,000 and accumulated depreciation of $20,000 was sold at a loss of $7,000. As a result of this transaction, cash would
a.increase by $55,000
b.increase by $48,000
c.decrease by $27,000
d.decrease by $7,000
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