Business, 25.11.2020 20:20, rprest00

On December 31, 2019, Hamilton Inc. sold a used industrial crane for $1,000,000 cash. The original cost of the crane was $5.22 million and its accumulated depreciation equaled $4.31 million on December 31, 2019. What is the gain or loss from the December 31, 2019 equipment sale?a. $910,000 gain. b. $90,000 gain. c. $910,000 loss. d. $90,000 loss.

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On December 31, 2019, Hamilton Inc. sold a used industrial crane for $1,000,000 cash. The original c...