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On December 31, 2019, Hamilton Inc. sold a used industrial crane for $735,000 cash. The original cost of the crane was $5.18 million and its

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On December 31, 2019, Hamilton Inc. sold a used industrial crane for $735,000 cash. The original cost of the crane was $5.18 million and its accumulated depreciation equaled $4.29 million on December 31, 2019. What is the gain or loss from the December 31, 2019 equipment sale? Multiple Choice $890,000 gain $155.000 loss $155,000 gain $890,000 loss

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