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.
Correct Answer:
Verified
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