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On June 1,2017 , Bristin Company sold some equipment for $22,000. The original cost was $80,000, the estimated salvage value was 58,000 , and the

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On June 1,2017 , Bristin Company sold some equipment for $22,000. The original cost was $80,000, the estimated salvage value was 58,000 , and the expected usefultife was 8 years. The equipment was fully depreclated. How much is the fain or fors on the sale? $50,000 loss $14,000 gain $5,400 gain 5850 loss

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