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Lawler Clothing sold manufacturing equipment for $17,000. Lawler originally purchased the equipment for $81,000, and depreciation through the date of sale totaled $71,500. What was

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Lawler Clothing sold manufacturing equipment for $17,000. Lawler originally purchased the equipment for $81,000, and depreciation through the date of sale totaled $71,500. What was the gain or loss on the sale of the equipment

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