December 31, Strike Company sold one of its batting cages for $249.168. The equipment had...
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Accounting
December 31, Strike Company sold one of its batting cages for $249.168. The equipment had an initial cost of $299,001.60 and had accumulated depreciation of $44,850.24, Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction? a. Gain of $4,983.36 b. Gain of $44,850.24 c. Loss of $-49,833.60 d. Loss of $-4,983.36
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