Business, 19.12.2019 06:31 rkbilkhu457

Acopy machine was purchased for $35,000 and had accumulated depreciation of $24,000. the machine was traded in for a new one that had a sticker price of $50,000. the vendor agreed to give a trade-in allowance for the old equipment in the amount of $9,000. how much will the company need to pay in cash, and what is the amount of the gain or loss? a. $41,000, loss of $2,000b. $50,000, no loss or gainc. $50,000, loss of $2,000d. $41,000, gain of $2,000

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Acopy machine was purchased for $35,000 and had accumulated depreciation of $24,000. the machine was...

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