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Amanda Company purchased a computer that cost $10,900. It had an estimated useful life of 5 years and a residual value of $1,450. The computer
Amanda Company purchased a computer that cost $10,900. It had an estimated useful life of 5 years and a residual value of $1,450. The computer was depreciated by the straight-line method and was sold at the end of the third year of use for $5,410 cash. How much of a gain or loss should Amanda record? OA loss of $5,410. O A gain of $180. O A gain of $1,450 O A loss of $180
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