Business
Business, 15.04.2020 05:00, bchamp2005p5upqx

Glenn sells a piece of equipment used in his business for $31,500 during 2019. The equipment was purchased on July 1, 2017, at a cost of $22,000. Glenn has taken $6,600 of depreciation on the equipment. What are the amount and classification of the gain on the sale by Glenn?

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Answers: 3

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Glenn sells a piece of equipment used in his business for $31,500 during 2019. The equipment was pur...

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