Granite Stone Creamery sold ice cream equipment for $16,000 Granite Stone originally purchased the equipment for $90,000, and depreciation through the date of sale totaled $71,000 What was the gain or loss on the sale of the equipment Sale amount Less Cost of the ice cream equipment Book value

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Granite Stone Creamery sold ice cream equipment for $16,000  Granite Stone originally purchased the equipment for $90,000, and depreciation through the date of sale totaled $71,000  What was the gain or loss on the sale of the equipment  Sale amount Less  Cost of the ice cream equipment Book value

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Granite Stone Creamery sold ice cream equipment for $16,000. Granite Stone originally purchased the equipment for $90,000, and depreciation through the date of sale totaled

Granite Stone Creamery sold ice cream equipment for $16,000. Granite Stone originally purchased the equipment for $90,000, and depreciation through the date of sale totaled $71,000. What was the gain or loss on the sale of the equipment? Sale amount Less: Cost of the ice cream equipment Book value

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