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Let's assume CANCO acquired a heavy-duty equipment in 2017 for $25,000 and in 2023 it sold for $11,400. What is gain or loss achieved from

Let's assume CANCO acquired a heavy-duty equipment in 2017 for $25,000 and in 2023 it sold for $11,400.

What is gain or loss achieved from sale if the net book value (NBV) for the equipment is $10,400?

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