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If equipment was purchased for $24,000 and has accumulated depreciation of $21,000 when the equipment is sold for $5,000, what is the amount of gain
If equipment was purchased for $24,000 and has accumulated depreciation of $21,000 when the equipment is sold for $5,000, what is the amount of gain or loss on the sale? $2,000 loss $2,000 gain O $5,000 gain O $19,000 loss
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