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Marco Ltd. purchased a machine on January 1, 20x4 for $245996 with an estimated useful life of 7 years and an estimated residual value of

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Marco Ltd. purchased a machine on January 1, 20x4 for $245996 with an estimated useful life of 7 years and an estimated residual value of S33214. The company disposed of the machine on January 1, 20x8 for $110535. What amount should the gain to be recognized on disposal be? Assume the double declining balance method of depreciation is used. Select one: O a. $46500 b. $38862 . $55146 O d. $64796

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