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Rainbow Ltd has control over Winnie Ltd. Rainbow sold an equipment to Winnie for $3,800,000 in January 20x5. The equipment was 3 years old when

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Rainbow Ltd has control over Winnie Ltd. Rainbow sold an equipment to Winnie for $3,800,000 in January 20x5. The equipment was 3 years old when sold, and had cost Rainbow $4,500,000 to buy, with expected residual value $500,000. T_he residual value and remaining useful life of the equ_ipment did not changg The equipment had been depreciated by Rainbow at 10% p.a. straightline. The amount of the unrealised gain/loss on the sale was: Select one: 0 A' $700,000 loss 0 3' $200,000 loss 0 9 $700,000 gain 0 D' $500,000 gain

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