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D Question 24 2.5 pts An asset was acquired on October 1, 2021, for $130,000 with an estimated five- year life and $43,000 residual value.
D Question 24 2.5 pts An asset was acquired on October 1, 2021, for $130,000 with an estimated five- year life and $43,000 residual value. The company uses units-of-production depreciation and expects the asset to produce 29,000 units. Calculate the gain or loss if the asset was sold on March 31, 2024, for $77,000. Actual production was: 2021 1,000 units; 2022 = 9,000 units; 2023 10,000 units; 2024 = 2,000 units. $31,400 gain. $27,000 gain. $13,000 gain. $8,000 gain
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