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Requirement 1 . Determine Punctual's gain or loss on the transaction. Begin by determining the formula needed to calculate the gain or loss and then

Requirement 1. Determine Punctual's gain or loss on the transaction.
Begin by determining the formula needed to calculate the gain or loss and then complete the calculation to determine the amount. (Use a minus sign or parentheses for a loss. Round depreciation
per unit to the nearest cent.)
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