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On January 1, Year 6, Martin Corporation puchased for $608,000, equipment having a useful life of ten years and an estimated salvage Vue of $32,000.

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On January 1, Year 6, Martin Corporation puchased for $608,000, equipment having a useful life of ten years and an estimated salvage Vue of $32,000. Martin has recorded monthly depreciation of the equipment on the straight-line method. On December 31, Year 14, the equipment was sold for $112.000. As a result of this sale. Mill should recognize a gain of Select one 50 b522600 554100 $112.000

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