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A financial analyst at BETTO S.A. is analyzing the result of the sale of a vehicle for 95,000 Argentine pesos (ARP) on December 31, 2019.

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A financial analyst at BETTO S.A. is analyzing the result of the sale of a vehicle for 95,000 Argentine pesos (ARP) on December 31, 2019. The analyst compiles the following information about the vehicle: Acquisition cost of the vehicle: ARP 110,000; Acquisition date: July 1, 2017; Estimated residual value at acquisition date: ARP 5,000; Expected useful life: 10 years; Depreciation method: Straight-line; The result of the sale of the vehicle is most likely: a) a loss of ARP 15,000 b) a gain of ARP 11,250. c) a gain of ARP 16,500

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