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Porter Company sold equipment for $33,000 cash. The original cost of the equipment was $50,000....

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Question

Accounting

Porter Company sold equipment for $33,000 cash. The original cost of the equipment was $50,000. The accumulated depreciation on this equipment was $20,700. what is the result of the sale of this equipment?

a. $33,000 Gain

b. $3,700 Gain

c. $17,000 Loss

d. $3,700 Loss

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