Brief Exercise 11.5 (Algo) Disposal of property, plant, and equipment [LO11-2] Lawler Clothing sold manufacturing...
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Brief Exercise 11.5 (Algo) Disposal of property, plant, and equipment [LO11-2] Lawler Clothing sold manufacturing equipment for $25,000, Lawler originally purchased the equipment for $89,000, and depreciation through the date of sale totaled $75,500. What was the gain or loss on the sale of the equipment reported in the income statement
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