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Fluffy Inc. acquired equipment on September 30, 2021, for $104,000 with an estimated five-year life and $25,000 residual value. Fluffy uses double-declining-balance depreciation. Calculate the
Fluffy Inc. acquired equipment on September 30, 2021, for $104,000 with an estimated five-year life and $25,000 residual value. Fluffy uses double-declining-balance depreciation. Calculate the gain or loss if the equipment was sold on December 31, 2022, for $54,000. Gain Loss
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