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Gray Corp sold a piece of equipment for $ 1 , 8 0 0 , 0 0 0 that had a book value of $

Gray Corp sold a piece of equipment for $

1, 800, 000

that had a book value of $

1, 200, 000

and a salvage value of $

750, 000 .

What was the Gain or Loss on the sale of the asset?

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