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  3. a photocopier cost $95,000 when new and has accumu

A photocopier cost $95,000 when new and has accumulated depreciation of $90,000. If the business...

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Question

Accounting

A photocopier cost $95,000 when new and has accumulated depreciation of $90,000. If the business discards this plant asset, the result is ________.

A.

a loss of $5,000

B.

a loss of $11,250

C.

a gain of $5,000

D.

no gain or no loss

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