A Machine with a Cost of $100,000 and Accumulated Depreciation

question 17

Multiple Choice

A machine with a cost of $100,000 and accumulated depreciation of $80,000 was sold at a loss of $6,000.What amount of cash was received from the sale?

• A)$26,000
• B)$14,000
• C)$20,000
• D)$94,000

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