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Ngu owns equipment that cost $98,300 with accumulated depreciation of $67,200. Ngu asks $36,200 for the equipment but sells the equipment for $33,800. Compute the
Ngu owns equipment that cost $98,300 with accumulated depreciation of $67,200. Ngu asks $36,200 for the equipment but sells the equipment for $33,800. Compute the amount of gain or loss on the sale.
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