Granite Stone Creamery sold ice cream equipment for $10,800, Granite Stone originally purchased the equipment for $76,000, and depreciation through the date of sale totaled $63,500. What was the gain or loss on the sale of the equipment? Sale amount Less: Cost of the ice cream equipment Book value Sale amount Less: Cost of the ice cream equipment Add: Accumulated depreciation Less: Accumulated depreciation Granite Stone Creamery sold ice cream equipment for $10,800. Granit depreciation through the date of sale totaled $63,500. What was the gain or loss on the sale of the equipment? Sale amount Less: Cost of the ice cream equipment Add: Accumulated depreciation Less: Accumulated depreciation