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Marco Ltd. purchased a machine on January 1, 20x4 for $240186 with an estimated useful life of 7 years and an estimated residual value of
Marco Ltd. purchased a machine on January 1, 20x4 for $240186 with an estimated useful life of 7 years and an estimated residual value of $32421. The company disposed of the machine on January 1, 20x8 for $102104. 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. $48021 Ob. $32124 O c. $39582 O d. $57445 Check
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