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Strawberry Feilds purchased a tractor at a cost of $39,000 and aold it two years later for $26,100. Strawberry Fields recorded depreciation using the straight-line
Strawberry Feilds purchased a tractor at a cost of $39,000 and aold it two years later for $26,100. Strawberry Fields recorded depreciation using the straight-line method, a five-year service life, and an $9,000 residual value. what was the gain or loss on the sale?
on sale
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