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1 - 3 : Lapeer Enterprises purchased equipment for $ 7 2 , 0 0 0 on January 1 , 2 0 1 9 .

1-3: Lapeer Enterprises purchased equipment for $72,000 on January 1,2019. The equipment is expected to have a six-year life and a residual value of $6,000. Lapeer used straight-line depreciation to record depreciation expenses. The equipment was sold for $30,000 on December 31,2022. Lapeer Enterprises would record a gain/(loss) from the sale of:
$30,000
$8,000
$2,000
($2,000)
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