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A company buys a fixed asset on January 1, 2012 for $20,000. The accumulated depreciation for three years is $12,000. What will be the book

A company buys a fixed asset on January 1, 2012 for $20,000. The accumulated depreciation for three years is $12,000. What will be the book value of the asset on December 31, 2014? The asset assault on December 31, 2014 for $10,000. Will the company make a profit from this disposal?

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