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ABC Company expects to sell Division X next year. Division X meets the criteria to be a component unit of ABC Company. At the end

ABC Company expects to sell Division X next year. Division X meets the criteria to be a component unit of ABC Company. At the end of this year, ABC Company estimates the fair value of Division X at $300,000 and the net book value of Division X is $280,000. Based on the information, calculate ABC Company's pretax gain (loss) on the held-for-sale component.

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