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Piper's Pizza sold baking equipment for $26,300. The equipment was originally purchased for $73,300, and depreciation through the date of sale totaled $52,300. Determine
Piper's Pizza sold baking equipment for $26,300. The equipment was originally purchased for $73,300, and depreciation through the date of sale totaled $52,300. 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.) Revenues Income Statement Expenses Net Income Balance Sheet Stockholders' Assets Liabilities Equity
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