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On July 1, 2025. Crane Kennels sells equipment for $135000. The equipment originally cost $400000. had an estimated 5-year life and an expected salvage

On July 1, 2025. Crane Kennels sells equipment for $135000. The equipment originally cost $400000. had an estimated 5-year life and an expected salvage value of $50000. The Accumulated Depreciation account had a balance of $245000 on January 1, 2025 using the straight-line method. The gain or loss on disposal is

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