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Amanda Company purchased a computer that cost $11,400. It had an estimated useful life of 3 years and a residual value of $1,700. The computer

Amanda Company purchased a computer that cost $11,400. It had an estimated useful life of 3 years and a residual value of $1,700. The computer was depreciated by the straight-line method and was sold at the end of the third year of use for $5,570 cash. How much of a gain or loss should Amanda record?

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