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Loma Linda, Inc. sells a long-lived asset that originally cost $202,000 for $52,000 on December 31, 2018. The Accumulated Depreciation account had a balance of

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Loma Linda, Inc. sells a long-lived asset that originally cost $202,000 for $52,000 on December 31, 2018. The Accumulated Depreciation account had a balance of $111,000 after the current year's depreciation of $45,200 had been recorded. The company should recognize a: Multiple Choice $99,600 Ioss on sale. $39,000 gain on sale. $24,200 Ioss on sale, $39,000 Ioss on sale

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