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Hot Stone Creamery sold ice cream equipment for $17,600. Hot Stone originally purchased the equipment for $94,000, and depreciation through the date of sale totaled
Hot Stone Creamery sold ice cream equipment for $17,600. Hot Stone originally purchased the equipment for $94,000, and depreciation through the date of sale totaled $73,000. Record the gain or loss on the sale of the equipment. (If no entry is required for a partlcular transaction/event, select "No Journal Entry Required" In the first account fleld.)
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