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Cooper Resources, Inc. owns some equipment with an original cost of $53,800 and accumulated depreciation of $26,350. If the equipment is sold for $28,500, the

Cooper Resources, Inc. owns some equipment with an original cost of $53,800 and accumulated depreciation of $26,350. If the equipment is sold for $28,500, the gain or loss recognized on the sale would be: (answer is 1050 gain)

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