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Find and calculate the gain or loss on disposal

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On January 1, ABC, Ltd, had a piece of equipment with a cost of $ 130000 andaccumulated depreciation of $ 30000The equipment has a useful life of 15 yearsand a residual value of $ 25000, The equipment was sold on July 1 for $ 170000

Question 1: Calculate the gain or loss on disposal

Reference no: EM132612765

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