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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
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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