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Tipton Manufacturing has a machine that cost $145,000 when new and has accumulated depreciation of...

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Question

Accounting

Tipton Manufacturing has a machine that cost $145,000 when new and has accumulated depreciation of $132,000, which it sold for $5,000. The a
this sale is
A: a gain of $8,000
B. a loss of $8.000
C. a gain of $13,000
D. a loss of $13,000
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