jonesj8502 jonesj8502

15-02-2024
Business

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Marquez purchased some equipment for $48,750 on August 15, 20x1. He decided he did not need the equipment so he sold it on June 13, 20x2 for $46,500. The equipment was subject to depreciation of $6,964 for 20x1 and 20x2. What gain or loss will Marquez recognize on the sale of the equipment?

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