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None of the ouer answer choices are correct D Question 31 4 pts On January 1, 2018, Kinnear Company purchased equipment at a cost of
None of the ouer answer choices are correct D Question 31 4 pts On January 1, 2018, Kinnear Company purchased equipment at a cost of $20,000. The equipment has an estimated useful life of 5 years and a salvage value of $2,000. Kinnear Company uses the straight-line depreciation method for all its assets. Given this information, if Kinnear Company sells the equipment for $13,600 on December 31, 2019, it will have a(n): None of the other answer choices are correct. $800 loss $2,000 loss $2,000 gain $800 gain
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