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What will be the net effect of the sale

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Reference no: EM133113716

Question - On 31 December 2019 a printing machine with a cost of $380,000 has accumulated depreciation written off of $140,000. If it is sold for $220,000 on 1 January 2020, what will be the net effect of the sale on the income statement?

Reference no: EM133113716

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