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Business, 06.05.2020 19:58 boss1373

WHAT IS THE JOURNAL ENTRY FOR THIS PROBLEM BELOW

Lawler Clothing sold manufacturing equipment for $16,000. Lawler originally purchased the equipment for $80,000, and depreciation through the date of sale totaled $71,000. What was the gain or loss on the sale of the equipment?

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WHAT IS THE JOURNAL ENTRY FOR THIS PROBLEM BELOW

Lawler Clothing sold manufacturing equi...
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