Mathematics, 18.03.2021 01:30 jtphillips02

Equipment costing $135,000 with a book value of $124,000 is sold for $125,000. What is the gain or loss on sale and how is it recorded for this transaction?

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Equipment costing $135,000 with a book value of $124,000 is sold for $125,000. What is the gain or l...