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8 An asset was acquired on January 1 2021 for $118.000 with an estimated five year life and $30,000 residual value. The company uses double-declining

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8 An asset was acquired on January 1 2021 for $118.000 with an estimated five year life and $30,000 residual value. The company uses double-declining balance depreciation Calculate the gain or loss it the asset was sold on March 31,2022. for 560.000 Partiel year depreciation is to be calculated Mile Choice $6.520 O $14 53720 a $329 ME GEW MO Prey of 471 Next >

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