Question
A company sells a long-lived asset that originally cost $211,000 for $61,000 on December 31, 2016. The Accumulated Depreciation account had a balance of $115,500
A company sells a long-lived asset that originally cost $211,000 for $61,000 on December 31, 2016. The Accumulated Depreciation account had a balance of $115,500 after the current year's depreciation of $46,100 had been recorded. The company should recognize a:
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