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Assume that your restaurant sold one piece of equipment during 2019. Use the following information to determine the gain or loss on the sale

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Assume that your restaurant sold one piece of equipment during 2019. Use the following information to determine the gain or loss on the sale of this equipment. Selling price $1,500 Original cost = $3,000 Accumulated depreciation = $2,000 O Loss of $2,500 Loss of $500 Gain of $500 O Loss of $1,000

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