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If equipment that cost $120 000 and has accumulated depreciation of $70 000 is sold for $20 000,the journal entry to record the sale would include:
Market for Risk
A financial market where individuals and institutions trade financial instruments to manage risk exposure.
Risk Reduction
Strategies or actions taken to minimize the potential for loss or harm in investment, business operations, or other areas of concern.
Probability
The probability or possibility of a particular event happening.
Investing
The act of allocating resources, usually money, with the expectation of generating an income or profit.
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