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Q 6.5: An art gallery has two vases that have not sold for more than two years. Each vase cost $130 and originally retailed for

Q 6.5: An art gallery has two vases that have not sold for more than two years. Each vase cost $130 and originally retailed for $250. Each vase has a current replacement cost of $90. What will the art gallery report as a loss for the year?

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