Vango, Incorporated sold its van for $6,000 cash. The van's original cost was $40,000, and...

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Accounting

Vango, Incorporated sold its van for $6,000 cash. The van's original cost was $40,000, and its accumulated depreciation was $32,000. When recording
the sale, Vango should record a:
Multiple Choice
gain of $2,000.
loss of $2,000.
loss of $8,000.
gain of $6,000.
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