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Computer equipment used in the business office of a not-for-profit organization was sold for $9,000. The original cost of the equipment had been $21,000 and there was $15,000 of accumulated depreciation as of the date of sale. How will the gain be reported?
Quantity Demanded
The overall volume of a commodity or service that is desired and can be bought by consumers at a specific price point.
Market Wage Rate
This is the prevailing rate of pay for workers in a particular job or industry, determined by the supply of and demand for labor.
Power Cords
Electrical cables that connect an appliance to the main electricity supply.
Perfectly Competitive
A market structure characterized by a large number of small firms, a homogeneous product, freedom of entry and exit, and perfect information.
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