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On December 31, Strike Company sold one of its batting cages for $22,908. The equipment had an initial cost of $254,535 and had accumulated depreciation

On December 31, Strike Company sold one of its batting cages for $22,908. The equipment had an initial cost of $254,535 and had accumulated depreciation of $229,082. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction?

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