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Business, 26.03.2020 23:35 TTHOR1935

On December 31, 2016, Hamilton Inc. sold a used industrial crane for $1,045,000 cash. The original cost of the crane was $5.28 million and its accumulated depreciation equaled $4.34 million on December 31, 2016. What is the gain or loss from the December 31, 2016 equipment sale?

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On December 31, 2016, Hamilton Inc. sold a used industrial crane for $1,045,000 cash. The original c...

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