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Motor Sales sold its old office furniture for $8,500. The original cost was $12,000, and...

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Accounting

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Motor Sales sold its old office furniture for $8,500. The original cost was $12,000, and at the time of sale, accumulated depreciation was $10,000. What is the effect of this transaction? OA. gain of $6,500 ( B. gain of $8,500 C. loss of S6.500 O D. loss of $8,500

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