Orr Corporation sold equipment for $12,000. The equipment had an original cost of $36,000 and accumulated depreciation of $18,000. As a result of the sale,
A) net income will increase $12,000.
B) net income will increase $6,000.
C) net income will decrease $6,000.
D) net income will decrease $12,000.
Correct Answer:
Verified
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