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On January 4, 2012, Mary's Cafe acquired equipment for $200,000. The estimated life of the equipment is 8 years. The estimated residual value is $10,000.

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On January 4, 2012, Mary's Cafe acquired equipment for $200,000. The estimated life of the equipment is 8 years. The estimated residual value is $10,000. What is the profit (loss), if Mary's Caf sold the equipment on June 30, 2014. The straight-line method is used

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