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Question 16 3 points On jan. 1. 2011. ABC Corporation placed into service a lift truck that had a capitalized acquisition cost of $40.000 estimated

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Question 16 3 points On jan. 1. 2011. ABC Corporation placed into service a lift truck that had a capitalized acquisition cost of $40.000 estimated useful life of 12 years and estimated salvage value of $4.000. ABC depreciated the truck on a straight-line basis until June 30, 2019, then sold the used lift truck for $17.800. Accumulated depreciation on the sale date was $25.500. What is the amount of gain or loss that ABC should recognize? Enter a positive number for a gain or a negative number or a loss. e.g. xoxor

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