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Imran owned the following assets, which he recently sold for a total of $390,000. Car 1: $150,000 with accumulated depreciation of $45,000 Car 2: $42,000

Imran owned the following assets, which he recently sold for a total of $390,000. Car 1: $150,000 with accumulated depreciation of $45,000 Car 2: $42,000 with accumulated depreciation of $22,000 Apple Stock: Purchased 1,000 shares at $250 per share What was his gain or loss on sale of the assets? Question 3 options: $15,000 Loss on Sale $5,000 Gain on Sale $5,000 Loss on Sale $15,000 Gain on Sale

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