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Piper's Pizza sold baking equipment for $ 2 6 , 7 0 0 . The equipment was originally purchased for $ 7 3 , 7

Piper's Pizza sold baking equipment for $26,700. The equipment was originally purchased for $73,700, and depreciation through the
date of sale totaled $52,700.
Determine the financial statement effects of the gain or loss on the sale of the equipment. (Amounts to be deducted should be
entered with minus sign.)
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