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The Bomb Pop Corporation sold ice cream equipment for $19,000. The equipment was originally purchased for $39,000, and depreciation through the date of sale totaled
The Bomb Pop Corporation sold ice cream equipment for $19,000. The equipment was originally purchased for $39,000, and depreciation through the date of sale totaled $23,000.
1. What was the gain or loss on the sale of the equipment?
2. Record the sale of the equipment.
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