Cranston recognized a gain of 22500 on the sale what was


Question - Cranston Instrumentation sold a depreciable asset for cash of $150,000. The original cost of the asset was $600,000. Cranston recognized a gain of $22,500 on the sale. What was the amount of accumulated depreciation on the asset at the time of its sale?

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Accounting Basics: Cranston recognized a gain of 22500 on the sale what was
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