Nix Corporation sold equipment for $20,000. The equipment had an original cost of $60,000 and accumulated depreciation of $30,000. Ignoriing the tax effect, as a result of the sale
A) net income will increase $20,000.
B) net income will increase $10,000.
C) net income will decrease $10,000.
D) net income will decrease $20,000.
Correct Answer:
Verified
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