Powell's Courier Service recorded a loss of $9,000 when it sold a van that originally cost $84,000 for $15,000.Accumulated depreciation on the van must have been

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The loss on sale is calculated as the original cost minus accumulated depreciation minus the sale price. Here, $84,000 - Accumulated Depreciation - $15,000 = -$9,000. Solving for accumulated depreciation gives $60,000.

Powell's Courier Service Recorded a Loss of $9,000 When It