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please help with 1 &2 thank you X Co. sold a Building for $450,000 which cost $400,000. Depreciation was up-to-date and accumulated depreciation at the

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please help with 1 &2 thank you

X Co. sold a Building for $450,000 which cost $400,000. Depreciation was up-to-date and accumulated depreciation at the time of disposal was $300,000. 1) Calculate the gain or loss recognized on this sale based on Selling Price versus Book Value. 2) Record the journal entry

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