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in May 31, 2015, a company sold a storage shed. The company had purchased the shed on January 1, 2008 for $226,800. When purchased, it
in May 31, 2015, a company sold a storage shed. The company had purchased the shed on January 1, 2008 for $226,800. When purchased, it had been estimated have a useful life of 12 years and a residual value of $54,000. Assume that the company has been using the straight-line method and sold the asset for $262.000. alculate the gain or loss on disposal of the asset. on the disposal of the asset is $
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