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A company sells a plant asset that originally cost $ 550000 for $ 230000 on December 31, 2022. The accumulated depreciation account had a balance

A company sells a plant asset that originally cost $550000 for $230000 on December 31, 2022. The accumulated depreciation account had a balance of $220000 after the current year's depreciation of $55000 had been recorded. The company should recognize a

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