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Question
Martinez owns an asset that cost $87,000 with accumulated depreciation of $40,000. The company sells the equipment for cash of $42,000. At the time of sale, the company should record:A.A gain on sale of $2,000.
B.A loss on sale of $2,000.
C.A loss on sale of $5,000.
D.A gain on sale of $5,000.
E.A loss on sale of $45,000.
Answer
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Direct labor X X
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Variable manufacturing overhead
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Direct materials
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Match the following
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