Motor Sales sold its old office furniture for $6000. The original cost was $16,000, and at the time of sale, accumulated depreciation was $14,000. What is the effect of this transaction?
A) gain of $6000
B) gain of $4000
C) loss of $4000
D) loss of $6000
B) gain of $4000
Explanation: Gain on sale = $6000 - ($16,000 - $14,000) = $4000
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