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On December 31, Strike Company sold one of its batting cages for $18,356. The equipment had an initial cost of $203,960 and had accumulated depreciation

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On December 31, Strike Company sold one of its batting cages for $18,356. The equipment had an initial cost of $203,960 and had accumulated depreciation of $183,564 Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction? Oa. Last of $2,040 Ob. Gain of 5185,604 Oc. Loss of $165208 Od Gain of $2,040

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