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Fluffy Inc. acquired equipment on September 30, 2021, for $112,000 with an estimated five-year life and $29,000 residual value. Fluffy uses double-declining balance depreciation Calculate
Fluffy Inc. acquired equipment on September 30, 2021, for $112,000 with an estimated five-year life and $29,000 residual value. Fluffy uses double-declining balance depreciation Calculate the gain or loss if the equipment was sold on December 31, 2022, for $58,000. (Enter a gain as a positive number and a loss as a negative number.) Gain 16
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