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QUESTION
Greg sold some equipment for $72,510 on june 13, 2016. greg had originally purchased the equipment for $86,750 on november 21, 2015. the equipment was subject to depreciation of $17,350. what gain or
Greg sold some equipment for $72,510 on june 13, 2016. greg had originally purchased the equipment for $86,750 on november 21, 2015. the equipment was subject to depreciation of $17,350. what gain or loss will greg recognize on the sale
