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QUESTION 37 Cranston Instrumentation soid a depreciable asset for cash of $150,000. The original cost of the asset was $600,000. Cranston recognized a gain of
QUESTION 37 Cranston Instrumentation soid a depreciable asset for cash of $150,000. The original cost of the asset was $600,000. Cranston recognized a gain of $22,500 on the sale. What was the amount of accumulated depreciation on the asset at the time of its sale? O $472,500 $127,500 OOOO $577,500 $495,000
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