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A mobile company sold its mobiles $56,800. The mobiles originally cost $1,496,000 and had Accumulated Depreciation of $1,287,000 recorded through the date of sale. What
A mobile company sold its mobiles $56,800. The mobiles originally cost $1,496,000 and had Accumulated Depreciation of $1,287,000 recorded through the date of sale. What gain or loss did the mobile company record as the mobiles were sold?
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Gain of $56,800.
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Loss of $56,800.
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Gain of $152,200.
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Loss of $152,200.
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