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D Question 20 1 pts At the beginning of Year 1ABC Company purchased a piece of equipment for $1.700 This equipment was expected to last

image text in transcribed D Question 20 1 pts At the beginning of Year 1ABC Company purchased a piece of equipment for $1.700 This equipment was expected to last 6 yan at which time ABC hoped to sell the equipment for $500 At the beginning of Wear 7. ABC Company sold the equipment for $600 ABC Companyunes the line depreciation method What is the gain or los recognized on the sale of this equipment Sex $1.370

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