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Ngu owns equipment that cost $100,100 with accumulated depreciation of $68,400. Ngu asks $36,650 for the equipment but sells the equipment for $34,100. Compute the

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Ngu owns equipment that cost $100,100 with accumulated depreciation of $68,400. Ngu asks $36,650 for the equipment but sells the equipment for $34,100. Compute the amount of gain or loss on the sale. Multiple Choice $4.950 loss. $2.550 gain. $4,950 gain $2,400 gain. $2,400 loss

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