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Business, 18.08.2020 22:01 P05182010

Equipment was acquired on January 1, 2021, for $33,000 with an estimated four-year life and $2,000 residual value. The company uses straight-line depreciation. Record the gain or loss if the equipment was sold on December 31, 2023, for $10,600.

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Equipment was acquired on January 1, 2021, for $33,000 with an estimated four-year life and $2,000 r...

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