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Question 10 On May 1, 2018, Crane Company sells office furniture for $288000 cash. The office furniture originally cost $730000 when purchased on January 1,

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Question 10 On May 1, 2018, Crane Company sells office furniture for $288000 cash. The office furniture originally cost $730000 when purchased on January 1, 2011. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $73000. What gain should be recognized on the sale? 0 $79600 $21900. 0 $42300 0 $39800

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