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Voth Political Poling Group has sold some old telecommunications equipment. The original cost of the equipment was $124,500. Accumulated Depreciation at the time of sale

Voth Political Poling Group has sold some old telecommunications equipment. The original cost of the equipment was $124,500. Accumulated Depreciation at the time of sale was $24,670. The Equipment was sold on account for $85,000.

What is the gain or loss on sale?

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