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o d.outstanding 48 Jantzi Company reported capital assets, net of accumulated depreciation, on January 1, 2017, at $427,500 and $579,300 on December 31, 2017. The
o d.outstanding 48 Jantzi Company reported capital assets, net of accumulated depreciation, on January 1, 2017, at $427,500 and $579,300 on December 31, 2017. The income statement showed depreciation of $38,700. Jantzi Company acquired $275,000 of capital assets during the year and reported proceeds from the sale of capital assets of $89,200 for the year. The gain or loss resulting from the sale of capital assets was: Select one: o a. $3,400 loss o b. $5,050 gain O c. $4,700 gain O d. $2,390 loss delete backspace
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