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Lawler Clothing sold manufacturing equipment for $30,000. Lawler originally purchased the equipment for $94,000, and depreciation through the date of sale totaled $78,000. What was
Lawler Clothing sold manufacturing equipment for $30,000. Lawler originally purchased the equipment for $94,000, and depreciation through the date of sale totaled $78,000. What was the gain or loss on the sale of the equipment reported in the income statement
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