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Servanti, Inc. has equipment costing $80,000 which has accumulated depreciation of $23,000 as of 12/31/20. What is the gain/(loss) if the equipment is sold for

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Servanti, Inc. has equipment costing $80,000 which has accumulated depreciation of $23,000 as of 12/31/20. What is the gain/(loss) if the equipment is sold for $49,600? O $49,600 gain O $7,400 gain O $30,400 gain $7,400 loss

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