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Question 17 Not yet answered Marked out of -4.00 A company purchased equipment for $65,700 on January 1, 2013, at which time the estimated useful

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Question 17 Not yet answered Marked out of -4.00 A company purchased equipment for $65,700 on January 1, 2013, at which time the estimated useful life was 10 years and residual value was $2,500. It is now October 1, 2019, and the company just sold the equipment for $22,500. Assuming the company uses the straight line depreciation method and has a December 31st year end, select the correct responses for the following: Equipment's depreciation expense for 2019 up to the date of sale: P Flag 1. question 2. Equipment's carrying amount on the date of sale: 3. Was there a gain or loss on equipment sale? 4 Amount (s) of the gain or loss on sale

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