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Find the gain or loss recognized on the sale

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Reference no: EM132597877

Question - Spataro Industries owns some equipment with an original cost of $53,800 and accumulated depreciation of $26,350. If the equipment is sold for $29,400, find the gain or loss recognized on the sale?

a. $3,050 loss

b. $3,050 gain

c. $1,950 loss

d. $1,950 gain

Reference no: EM132597877

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