Business

Iris Gillespie

23 March, 21:14

On december 31, strike company sold one of its batting cages for $50,000. the equipment had an original cost of $310,000 and has accumulated depreciation of $260,000. depreciation has been recorded up to the end of the year. what is the amount of the gain or loss on this transaction? no gain or loss cannot be determined gain of $50,000 loss of $50,000

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