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Completion Status: QUESTION EY Doble Wines has a de-stemmer machine that it purchased in 1995 for $5,000. The asset is now fully deprecated (the balance
Completion Status: QUESTION EY Doble Wines has a de-stemmer machine that it purchased in 1995 for $5,000. The asset is now fully deprecated (the balance in accumulated depreciation is $5,000). Doble sells this de-stemmer for $2,000. What is the gain or loss on the sale O $2,000 gain O $3,000 less O $2,000 less Not enough information QUESTION 22 Jones buys an asset on July 1, 2021 for $50,000. The asset has an estimated salvage value of $5,000 and it has an estimated useful life of 15 years. Jones will use the straight-line method of depreciation to account for this asset. Based on this Information, what will the balance in accumulated depreciation be as of December 31, 2021? $1,667 $15,000 $1,500 0 $3,000 3 points Saun Anwe Click Save and Submit to save and submit. Click Save All Answers to save all answers Save Al Aswers Seve and Subme
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