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An asset was purchased for $ 3 6 0 0 0 on January 1 , 2 0 2 5 The asset's estimated useful life was

An asset was purchased for $36000 on January 1,2025 The asset's estimated useful life was five years, and its residual value was $4,000. The straight-line method of depreciation was used. Calculate the gain or loss if the asset is sold for $18000 on December 31,2025, the last day of the accounting period

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