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On June 30, 2021, Marigold Corporation sold a computer that was purchased on January 1, 2019. The computer cost $37,000 and had a useful life
On June 30, 2021, Marigold Corporation sold a computer that was purchased on January 1, 2019. The computer cost $37,000 and had a useful life of 4 years with no salvage value. The computer was sold for $6,000 cash. Determine the amount of gain or loss on disposal of plant assets
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