Business, 06.08.2021 22:10 acesmith

Ngu owns equipment that cost $101,300 with accumulated depreciation of $69,200. Ngu asks $36,950 for the equipment but sells the equipment for $34,300. Compute the amount of gain or loss on the sale. a. $2,200 gain.
b. $4,850 loss.
c. $2,200 loss.
d. $4,850 gain.
e. $2,650 gain.

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Ngu owns equipment that cost $101,300 with accumulated depreciation of $69,200. Ngu asks $36,950 for...

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