The Baudin Company purchased some industrial kitchen equipment on March 1, 2020 for $13,860 and...
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Accounting
The Baudin Company purchased some industrial kitchen equipment on March 1, 2020 for $13,860 and expects it to be useful for 8 years at which time it will be worth $900. If the company sold the equipment on December 31,2023 for $8,000 what amount of gain or loss would it record on the sale? Use a positive number to indicate a gain or a negative number to indicate a loss
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