Question Content Area On December 31, Strike Company sold one of its batting cages for $234,515. The equipment had an or

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Question Content Area On December 31, Strike Company sold one of its batting cages for $234,515. The equipment had an or

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Question Content Area On December 31, Strike Company sold one ofits batting cages for $234,515. The equipment had an original costof $275,900 and has accumulated depreciation of $41,385.Depreciation has been recorded up to the end of the year. What isthe amount of the gain or loss on this transaction?
a.no gain or loss
b.gain of $55,180
c.loss of $(41,385
) d.cannot be determined with informationgiven
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