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Asked by mirakel1
. Entity A sells a machine that is classified as PPE for 1,700,000....
. Entity A sells a machine that is classified as PPE for 1,700,000. Entity A pays the broker a 10% commission, Information on the machine is as follows:
Carrying amount 1,900,000
Revaluation surplus 400,000
How much is the gain (loss) from the sale?
● Answer not given
● (200,000)
● (370,000)
● 30,000
● (30,000)
Solved by verified expert
Answered by financeherotutor
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