Question: Help Save & Exit Submit Ngu owns equipment that cost $105,500 with accumulated depreciation of $72,000. Ngu asks $38.000 for the equipment but sells the

Help Save & Exit Submit Ngu owns equipment that cost $105,500 with accumulated depreciation of $72,000. Ngu asks $38.000 for the equipment but sells the equipment for $35.000. Compute the amount of gain or loss on the sale 400 5

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