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The AAA Company uses the straight-line method to depreciate long-lived tangible assets. The company sold printing equipment at the end 00 cash. The printing equipment's

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The AAA Company uses the straight-line method to depreciate long-lived tangible assets. The company sold printing equipment at the end 00 cash. The printing equipment's useful life was originally estimated to be 10 years. The printing equipment was acquired for $61,000 and it had an estimated residual value of $6,000. How much was the gain or loss on disposal AAA realized after the sale of the printing equipment? Multiple Choice $9,500 gain 0 0 None of the other answers are correct $15,000 gain. 0 O $4,000 loss. 0 O $2,000 loss

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