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A piece of equipment with an original cost of $300,000 and an original estimate of salvage value of $15,000. When the asset had an accumulated
A piece of equipment with an original cost of $300,000 and an original estimate of salvage value of $15,000. When the asset had an accumulated depreciation balance of $285,000 it was sold for $35,000. What is the amount of the gain or loss on disposal of the piece of equipment
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
