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On July 1,2025 , Ace Kennels sells equipment for $110000. The equipment originally cost $300000, had an estimated 5 -year life and an expected salvage

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On July 1,2025 , Ace Kennels sells equipment for $110000. The equipment originally cost $300000, had an estimated 5 -year life and an expected salvage value of $50000. The Accumulated Depreciation account had a balance of $175000 on January 1 , 2025 using the straight-line method. The gain or loss on disposal is $10000gain.$15000gain.$15000loss.$10000loss

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