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ABC Company bought a Plant worth Rs. 200,000 having useful life of 5 years on 21st June 2018. On July 1st, 2020, it sold this

ABC Company bought a Plant worth Rs. 200,000 having useful life of 5 years on 21st June 2018. On July 1st, 2020, it sold this asset for Rs. 110,000. What is the amount of any gain or loss on this transaction and what will be entry to record this? (assume companys year-end is December 31)

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