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A parent company sells equipment costing $100,000 with a book value of $ $60,000 for $90,000. The equipment has a remaining useful life of 5
A parent company sells equipment costing $100,000 with a book value of $ $60,000 for $90,000. The equipment has a remaining useful life of 5 years. In what period and in what manner should the gain be recognized in the consolidated financial statements?
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