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Question(s) / Instruction(s):

A company sold a machine that originally cost $130,000 for $75,000 cash. The accumulated depreciation on the machine was $55,000. The company should recognize a: a. $55,000 gain. b. $0 gain or loss. c. $55,000 loss. d. $75,000 gain. e. $75,000 loss.

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