What is the amount of the gain or loss on the transaction, Financial Accounting

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What is the amount of the gain or loss on the transaction

Problem

On December 31, Strike Company sold one of its batting cages for $55,000. The equipment had an initial cost of $310,000 and has accumulated depreciation of $260,000. Depreciation had been taken up to the end of the year. What is the amount of the gain or loss on this transaction? (Enter loss as a negative number, for example: -200).

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Financial Accounting: What is the amount of the gain or loss on the transaction

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