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6. * 5 points On January 1, 2009. Hallo Corporation purchased for P152,000, equipment having a useful life of ten years and an estimated salvage

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6. * 5 points On January 1, 2009. Hallo Corporation purchased for P152,000, equipment having a useful life of ten years and an estimated salvage value of P8,000. Hallo has recorded monthly depreciation of the equipment on the straight-line method. On December 31, 2017, the equipment was sold for P28,000. As a result of this sale, Hallo should recognize a gain of O A. PO O B. P5,600 O C. P13,600 O D. P28,000

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