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3 024701 Amanda Company purchased a computer that cost $10,600. It had an estimated useful life of five years and a residual value of
3 024701 Amanda Company purchased a computer that cost $10,600. It had an estimated useful life of five years and a residual value of $1,300. The computer was depreciated by the straight-line method and was sold at the end of the third year of use for $5,150 cash How much of a gain or loss should Amanda record?
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