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On December 31, 2022, Preston Company sold a used industrial crane for $1,250,000 cash. The...

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Accounting

On December 31, 2022, Preston Company sold a used industrial crane for $1,250,000 cash. The original cost of the crane was $10.0 million. If the crane was sold at a gain of $425,000, what was the amount of its accumulated depreciation at the date of the sale

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