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Hawthorne Company sold an old computer for $3,000 cash. The computer cost $45,000 and had accumulated depreciation through the date of sale totaling $42,000. The company will recognize:

A. a gain of $3,000. B. a loss of $3,000. C. neither a gain nor a loss. D. a loss of $37,500.

Financial Management, Finance

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  • Reference No.:- M91603978

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