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D Question 9 1 pts Suppose on 1/1/2012 the company purchases equipment that costs $12,000, has an expected useful life of 5 years, and has

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D Question 9 1 pts Suppose on 1/1/2012 the company purchases equipment that costs $12,000, has an expected useful life of 5 years, and has a residual value of $2,000 (straight-line method). What will be the gain or loss on the sale of the equipment if it was sold on 12/31/2015 for $3,000 $1,000 gain $1,000 loss $4.000 loss $4,000 gain

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