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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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