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10. An asset's cost $136,000 on January 1 . The asset is being depreciated $1,000 per month using the straight-line method. Assuming the asset is

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10. An asset's cost $136,000 on January 1 . The asset is being depreciated $1,000 per month using the straight-line method. Assuming the asset is sold on Dec 31 , Year 7 for $25,000, what would be the loss or gain on the sale of the asset

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