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year life. What is the total depreciation expense for the current year?

$ 4,000 $ 3,000 $ 3,500 $ 2,625 $ 875

Question 16. Question: On December 31, 2010, Stable Company sold a piece of equipment that was purchased on January 1, 2005. The equipment originally cost $ 820,000 and has an estimated useful life of eight years. Stable uses the straight-line method of depreciation. What is the gain / loss on the sale of equipment that Stable will recognize if the equipment was sold for $ 230,000?

$ 230,000 Gain $ 25,000 Loss $ 25,000 Gain $ 73,750 Gain. $ 0; no gain or loss

year life. What is the total depreciation expense for the current year?

$ 4,000 $ 3,000 $ 3,500 $ 2,625 $ 875

Question 16. Question: On December 31, 2010, Stable Company sold a piece of equipment that was purchased on January 1, 2005. The equipment originally cost $ 820,000 and has an estimated useful life of eight years. Stable uses the straight-line method of depreciation. What is the gain / loss on the sale of equipment that Stable will recognize if the equipment was sold for $ 230,000?

$ 230,000 Gain $ 25,000 Loss $ 25,000 Gain $ 73,750 Gain. $ 0; no gain or loss