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Question 18 (1 point) Taupe Corporation's schedule of depreciable assets on December 31, 20X3, is shown below. Taupe takes a full year's depreciation expense in

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Question 18 (1 point) Taupe Corporation's schedule of depreciable assets on December 31, 20X3, is shown below. Taupe takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of an asset's disposition. The estimated useful life of each depreciable asset is 5 years. Depreciation Cost Acquisition Salvage Value Asset Concrete mixer Delivery Truck Company Van Method * DDB SYD Date $15,00020X2 55,00020X1 85,00020X1 $225,000 $20,000 10,000 15,000 $44,000 DDB = double declining balance Taupe depreciates the Company Van by the straight-line method. On June 30, Year 4, Taupe sold the Company Van for $26,000 cash. How much gain or loss) should Taupe record in 20X4 on the disposal of the Company Van

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