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On December 31, 2013, Stable Company sold a piece of equipment that was purchased on January 1, 2008. The equipment originally cost $900,000 and has
On December 31, 2013, Stable Company sold a piece of equipment that was purchased on January 1, 2008. The equipment originally cost $900,000 and has an estimated useful life of nine years. Stable uses the straight-line method of depreciation. What is the gain/loss on the sale of equipment that Stable will recognize if the equipment was sold for $329,000? Mutiple Choice $329.000 gain $0 no gain or loss $29.000 g $29,000 $229,000 gm
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