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How much is the gain from the sale

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Question - Entity A sells a machine that is classified as PPE for 1,700,000. Entity A pays the broker a 10% commission, Information on the machine is as follows:

Carrying amount 1,900,000

Revaluation surplus 400,000

How much is the gain (loss) from the sale?

a. (200,000)

b. (370,000)

c. 30,000

d. (30,000)

e. Answer not given

Reference no: EM132596782

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