Furthermore, and much alter the fact, you discover that old medical equipment was sold to an unrelated party for $75,000 cash. The original cost of the equipment was $300,000 and it was fully depreciated (no Sec. 179). The cash was deposited in one of the shareholders personal accounts a Provide a journal entry to calculate the gain on sale and adjust the fixed asset and accumulated depreciation accounts. What is the nature of this gain? C Could the Dr. have structured this sale in a different way to avoid taxable income? How