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answer asap please m 6 of 18 Jackson Landscapers, Inc, purchased a bucket loader for $40,000 to move soit and other materials on its property.

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m 6 of 18 Jackson Landscapers, Inc, purchased a bucket loader for $40,000 to move soit and other materials on its property. The equipment has an eight year life and a residual value of $5,000. The company uses the straight line method of depreciation. At the end of five Years, the equipment is sold for $20,000. What is the gain or loss on the sale of the bucket loader? a $1,875 $12.000 $20,000 di $15.000

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