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Greg sold some equipment for $72,510 on June 13, 2020. Greg had originally purchased the equipment for $86,750 on November 21, 2019. The equipment was

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Greg sold some equipment for $72,510 on June 13, 2020. Greg had originally purchased the equipment for $86,750 on November 21, 2019. The equipment was subject to depreciation of $17,350. What gain or loss will Greg recognize on the sale? Multiple Choice $3,110 ordinary gain $3,110 capital gain 58,250 capital loss. 58.250 ordinary loss

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