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Business, 15.11.2019 22:31 montanolumpuy

On may 1 of the current year, la presa company sells some equipment for $25,000. the original cost was $50,000, the estimated salvage value was $5,000, and the expected useful life was 5 years. straight-line depreciation is used. on january 1 of the current year, the accumulated depreciation account had a balance of $18,000. how much is the gain or loss on the sale?

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On may 1 of the current year, la presa company sells some equipment for $25,000. the original cost w...
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