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How is the gain or loss on the sale treated

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Question - In 2020, Edmond sold a piece of equipment from his business for $170,000. The equipment was purchased in 2016 for $146,000, had a useful life of five years, and was depreciated on a straight-line basis. A total of $100,800 depreciation was taken. How is the gain or loss on the sale treated?

Reference no: EM132996751

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