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Amanda Company purchased a computer that cost $11,000. It had an estimated useful life of 4 years and a residual value of $1,500. The computer
Amanda Company purchased a computer that cost $11,000. It had an estimated useful life of 4 years and a residual value of $1,500. The computer was depreciated by the straight-line method and was sold at the end of the third year of use for $5,420 cash. How much of a gain or loss should Amanda record? O A gain of $1,545 O A gain of $1,500. O A loss of $5,420 O A loss of $1,545
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