Lawler Clothing sold manufacturing equipment for $25,000. Lawler originally purchased the equipment for $89,000, and depreciation through the date of sale totaled $75,500. What was the gain or loss on the sale of the equipment?
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Lawler Clothing sold manufacturing equipment for $25,000. Lawler originally purchased the equipment for $89,000, and
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- Gain or loss?Piper’s Pizza sold baking equipment for $25,000. The equipment was originally purchased for $72,000, and depreciation through the date of sale totaled $51,000. What was the gain or loss on the sale of the equipment?Granite Stone Creamery sold ice cream equipment for $16,000. Granite Stone originally purchased the equipment for $90,000, and depreciation through the date of sale totaled $71,000. What was the gain or loss on the sale of the equipment?
- Jake parchased a $235,000 crane for his constraction business. He sold the crane for $175,000 after taking $115,000 of depreciation. Assume take is What is the amount of gain or loss on the sale?The Bomb Pop Corporation sold ice cream equipment for $18,500. The equipment was originally purchased for $40,000, and depreciation through the date of sale totaled $25,000. 1. What was the gain or loss on the sale of the equipment? on saleWhat was the gain or loss on the sale of the equipment on this general accounting question?
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