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On April 1 , 2 0 2 3 , Sheridan Limited sold some equipment for $ 5 6 3 0 0 cash. The original cost
On April Sheridan Limited sold some equipment for $ cash. The original cost on January was $ Accumulated depreciation at December the company's year end was $ The equipment was being depreciated over years on a straightline basis with no residual value. What is the gain or loss on sale of the equipment? $ loss $ gain $ gain $ loss
On April Sheridan Limited sold some equipment for $ cash. The original cost on January was $
Accumulated depreciation at December the company's year end was $ The equipment was being depreciated over
years on a straightline basis with no residual value. What is the gain or loss on sale of the equipment?
$ loss
$ gain
$ gain
$ loss
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