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Calcutt Energy Services Lid of Calgary, Alberta, reported the following for land, buildings, and equipment (in millions) (Click the icon to view the report) During
Calcutt Energy Services Lid of Calgary, Alberta, reported the following for land, buildings, and equipment (in millions) (Click the icon to view the report) During 2020, Calcutl Energy pad 574 1 million for new property and equipment Depreciation for the you totalled $35 3 million Dunng 2020, Calcutt sold property and equipment for $188 million How much was Calcutt's gain or loss on the sale of the property and equipment? How would this gain or loss bo reported on the income statement? Record the sale of the property and equipment Report How much was Calcutt's gain or loss on the sale of the property and equipment? Compute the cost of land, buildings, and oquipment sold and the amount of depreciation accumulated on the assets sold (Enter amounts The cost of land, building, and equpment sold was smilion December 31 2020 2019 $ 5380 $ 5682 (1950) (2050) Land buildings, and equipment Accumulated depreciation Print Done
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