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Pru & Co. purchased a vehicle for $48,000 on 1 January 2020. Its Accumulated Depreciation as at 31 December 2023 is $28,000. The Co. uses

Pru & Co. purchased a vehicle for $48,000 on 1 January 2020. Its Accumulated Depreciation as at 31 December 2023 is $28,000. The Co. uses straight line method of Depreciation. The Trademark was sold for $18,000 as at 31 December 2023 ? Pru & Co. uses calendar year accounting period. What is the result of the sale?

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