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An asset was acquired on October 1, 2024, for $91,000 with an estimated five-year life and $18,100 residual value. The company uses units-of-production depreclation and
An asset was acquired on October 1, 2024, for $91,000 with an estimated five-year life and $18,100 residual value. The company uses units-of-production depreclation and expects the asset to produce 27,000 units. Actual production was: 2024=700 units; 2025=5,000 units; 2026=6,100 units; 2027= 1,200 units. What is the gain or loss if the asset was sold for $65,000 on March 31,2027 ? Multipie Choice $18.240 gain $9,100 gain $14,700 gain $25,800 gain
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