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On December 31 , Strike Company sold one of its batting cages for $70.000. The equipment had an initial cost of $310,000 and has accumulated

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On December 31 , Strike Company sold one of its batting cages for $70.000. The equipment had an initial cost of $310,000 and has accumulated depreciation of $260,000. Depreciation had been taken up to the end of the year. What is the amount of the gain or loss on this transaction? (Enter loss as a negative number, for example: 200 ). Your

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