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Business, 05.05.2020 04:07 GhostFace18595

On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $206,790.00 with an accumulated depreciation of $186,111.00. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $18,611.10. What is the amount of the gain or loss on this transaction

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