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Business, 22.11.2019 23:31 Mypage22

On december 31, strike company has decided to sell one of its batting cages. the initial cost of the equipment was $310,000 with an accumulated depreciation of $260,000 depreciation has been taken up to the end of the year. the company found a company that is willing to buy the equipment for $55,000. what is the amount of the gain or loss on this transaction? a. gain of $55,000 b gain of $5,000 c. no gain or loss d. cannot be determined

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On december 31, strike company has decided to sell one of its batting cages. the initial cost of the...

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