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Ngu owns equipment that cost $99,500 with accumulated depreciation of $68,000. Ngu asks $36,500 for the equipment but sells the equipment for $34,000. Compute the

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Ngu owns equipment that cost $99,500 with accumulated depreciation of $68,000. Ngu asks $36,500 for the equipment but sells the equipment for $34,000. Compute the amount of gain or loss on the sale

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