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Nike owns equipment that cost $94,100 with accumulated depreciation of $64,400. Nike asks $35,150 for the equipment but sells the equipment for $33,100. Compute the
Nike owns equipment that cost $94,100 with accumulated depreciation of $64,400. Nike asks $35,150 for the equipment but sells the equipment for $33,100. Compute the amount of gain or loss on the sale.
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