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What gain or loss would Keller recognize on the sale

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Question - On January 1, 2016, Keller Company purchased a machine for $175,000. It had a $25,000 salvage value and a 10-year useful life.

Assuming that Keller uses the double-declining balance method, and Keller sells the asset for $95,000 on December 31, 2018, what gain or loss would Keller recognize on the sale of the asset?

Reference no: EM132591203

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