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A company owns equipment that costs $32,500 with accumulated depreciation of $7,500. The depreciation is up to date and sells the equipment for $27,200. What
A company owns equipment that costs $32,500 with accumulated depreciation of $7,500. The depreciation is up to date and sells the equipment for $27,200. What is the amount of loss or gain for the transaction? (If there is a gain, leave it as a positive number. If there is a loss, put a negative in front of the amount, for example, a 400 loss would be -400).
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