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use your keyboard On Jan. 1, 2015, ABC Company purchased equipment for SR 100,000 and has a useful life of5 years and salvage value of

use your keyboard

On Jan. 1, 2015, ABC Company purchased equipment for SR 100,000 and has a useful life of5 years and salvage value of SR 20,000. On September 30, 2018, the company sold the equipment for SR 50,000 What is the gain or

loss on the sale assuming straight-line method has been used?

O a. SR 10,000

Ob. 40,000

Oc SR 30,.000

Od.SR 20,000

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