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Jamison company reports depreciation expense of $35000 for year 2. Also equipment costing $140000 was sold for a $5000 gain in year 2. The following

Jamison company reports depreciation expense of $35000 for year 2. Also equipment costing $140000 was sold for a $5000 gain in year 2. The following selected information is available for Jamison company from its comparative balance sheet

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