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On January 1, 2012, Sunland Company purchased for $756000, equipment having a useful life of ten years and an estimated salvage value of $51600. Sunland

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On January 1, 2012, Sunland Company purchased for $756000, equipment having a useful life of ten years and an estimated salvage value of $51600. Sunland has recorded monthly depreciation of the equipment on the straight-line method. On December 31,2020 , the equipment was sold for $127500. As a result of this sale, Sunland should recognize a gain of $0. $57060.$127500.$5460

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