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Belanger Ltd. has decided to sell an old piece of equipment. The equipment was originally purchased in 2012, and at the time, had an estimated
Belanger Ltd. has decided to sell an old piece of equipment. The equipment was originally purchased in 2012, and at the time, had an estimated residual value of $23,000. By December 31, 2021, the equipment, which had originally cost $256,000, had accumulated depreciation of $230,300. If the equipment was sold on January 1, 2022 for $27,600, there would be a
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