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On July 1, 2021, Hale Kennels sells equipment for $232000. The equipment originally cost $600000, had an estimated 5-year life and an expected salvage value

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On July 1, 2021, Hale Kennels sells equipment for $232000. The equipment originally cost $600000, had an estimated 5-year life and an expected salvage value of $90000. The accumulated depreciation account had a balance of $358000 on January 1, 2021, using the straight-line method. The gain or loss on disposal is O $10000 gain. O $10000 loss. O $41000 gain. O $41000 loss

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