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Business, 30.06.2019 00:30 janeou17xn

Wells company has a calendar year reporting period. on january 1,2018, wells company's delivery truck, with a cost of $56,000 was destroyed by a fire. at the time of the fire, the balance in the accumulated depreciation account was $38,000. the company received $32,000 reimbursement from its insurance company. how much is the gain or loss on this disposal?

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