E) $1,280,000. 13) Nike owns equipment that cost $97,700 with accumulated depreciation of $66,800. Nike asks...

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E) $1,280,000. 13) Nike owns equipment that cost $97,700 with accumulated depreciation of $66,800. Nike asks $36,050 for the equipment but sells the equipment for $33.700. Compute the amount of gain or loss on the sale. A) $5,150 gain. B) $2,800 loss. c) $2,350 gain. D) $5,150 loss. E) $2,800 gain. 13) E) $1,280,000. 13) Nike owns equipment that cost $97,700 with accumulated depreciation of $66,800. Nike asks $36,050 for the equipment but sells the equipment for $33.700. Compute the amount of gain or loss on the sale. A) $5,150 gain. B) $2,800 loss. c) $2,350 gain. D) $5,150 loss. E) $2,800 gain. 13)