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Business, 26.11.2019 22:31 cowerdwhisper23

Acomputer server with a cost of $50,000, $5,000 residual value, is purchased on 1/1/16 with an estimated 5 year life, and the company uses double declining balance depreciation. the company decides to sell the server for $22,000 on 12/31/17. which of the following statements is true? a. there is an $8,000 loss on this transactionb. there is an $800 loss on this transactionc. there is a $4,000 gain on this transactiond. there is an $8,000 gain on this transaction

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