Nike owns equipment that cost $94,700 with accumulated depreciation of $64,800. Nike asks $35,300 for...
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Nike owns equipment that cost $94,700 with accumulated depreciation of $64,800. Nike asks $35,300 for the equipment but sells the equipment for $33,200. Compute the amount of gain or loss on the sale. Multiple Choice $3,300 loss. $5,400 gain. $2,100 gain. $3,300 gain. $5,400 loss
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