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Tremblay Excavating purchased a used dump truck for $ 1 2 5 , 0 0 0 on January 1 , 2 0 2 1 .
Tremblay Excavating purchased a used dump truck for $ on January The
company has depreciated the dump truck using the straightline method over its estimated
year life with a $ residual value. Tremblay sold the dump truck on January for
$ Total accumulated depreciation on the dump truck on the date of sale was $
What gain or loss should be recorded on the sale?
A A gain of $
B A gain of $
C A loss of $
D A loss of $
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