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Dec 31 strike sold a batting cage for $55000. The equipment had an initial cost of $310000 and has accumulated depreciation of 260000. Deprecation had

Dec 31 strike sold a batting cage for $55000. The equipment had an initial cost of $310000 and has accumulated depreciation of 260000. Deprecation had been taken up to the end of the year. What is the gain or loss
A loss 55000
B gain 5000
C gain 55000
D loss of 5000

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