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please tell me solution ?? Wildhorse Co. had the following assets on January 1,2022. During 2022, each of the assets was removed from service. The
please tell me solution ??
Wildhorse Co. had the following assets on January 1,2022. During 2022, each of the assets was removed from service. The machinery was retired on January 1 . The forklift was sold on June 30 for $11,280. The truck was discarded on December 31. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2021. Compute the gain or loss for each of the asset disposals that occurred in 2022. (Hint: Be sure to update depreciation for each asset from January 1,2022 , to disposal date.)Step by Step Solution
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