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Terry Corporation sold a vehicle on June 30 , 2024 for $10,000. They purchased it on September 1 st of 2020 for $40,000. The vehicle

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Terry Corporation sold a vehicle on June 30 , 2024 for $10,000. They purchased it on September 1 st of 2020 for $40,000. The vehicle was depreciated using the straight line method over 5 years. The accmulated depreciation at the beginning of 2024 was $26,667. What is the amount of gain or loss on the vehicle? $667 gain $667 loss $3,333 gain $3,333 loss

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