What is the gain or loss of the sale


january 1, 2010, a companys 40,000 for equipment with a 10 year estimated life and a 5,000 salvage value. On january 1,2014, sells the equipment for 18,500. What is the gain or loss of the sale?

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Accounting Basics: What is the gain or loss of the sale
Reference No:- TGS091154

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