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On December 31,2022 . Hamilton incorporated sold a used industrial crane for $600,000 cash. The original cost of the crane was $5.0 million and its

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On December 31,2022 . Hamilton incorporated sold a used industrial crane for $600,000 cash. The original cost of the crane was $5.0 million and its accumulated depreciation equalled $4.2 million on December 31,2022 . What is the gain or loss from the December 31,2022 equipment sale? Muaple Choice 5600000 loss $600,000 gain. $200.000 lass. $200000 gain

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