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An entity sold depreciable assets in the middle of the fifth year of its estimated 10 year useful life. The original cost of the asset

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An entity sold depreciable assets in the middle of the fifth year of its estimated 10 year useful life. The original cost of the asset was $200, 000, and it was depreciated on the strait line basis. If the asset was sold for $160, 000. Calculate the gain of the sale

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