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Brown's Salvage Company purchased equipment on January 1, 2018 for $43,002. Suppose Brown's Salvage Company sold the equipment for 532.000 on December 31, 2019. Accumulated

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Brown's Salvage Company purchased equipment on January 1, 2018 for $43,002. Suppose Brown's Salvage Company sold the equipment for 532.000 on December 31, 2019. Accumulated Deprecation as of December was 513 502 Joumalize the sale of the equipment, assuming straight line depreciation was used 2011 First, calculate any gain or loss on the disposal of the equipment Market value of assets received Less Book value of asset disposed of Less Accumulated Depreciation Gain or Lone

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