What is the result of this disposal transaction
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A copy machine cost $39,000 when new and has accumulated depreciation of $25,000. Suppose Print Center sold the machine for $14,000. What is the result of this disposal transaction?
OA. Gain of $14,000
OB. Loss of $25,000
OC. Loss of $14,000
D. No gain or loss
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