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A piece of equipment was bought on 2nd January 2015 for $ 90,000, The Company depreciates its PP&E at 10% on cost with no depreciation
A piece of equipment was bought on 2nd January 2015 for $ 90,000, The Company depreciates its PP&E at 10% on cost with no depreciation during the year of disposal. The equipment was sold on 1st July 2019 for $60,000. What was the gain or loss on disposal
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