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Squid Roe, Inc., sold its $16,000 equipment with accumulated depreciation of $14,000 for $6,000. What is the amount of the gain or loss on this
Squid Roe, Inc., sold its $16,000 equipment with accumulated depreciation of $14,000 for $6,000. What is the amount of the gain or loss on this sale Squid Roe would record? DO NOT INCLUDE $ IN YOUR ANSWER. If the amount is a loss use a negative sign (not parentheses).
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