The Bomb Pop Corporation sold ice cream equipment for $16,000.They originally purchased the equipment for $40,000,and depreciation through the date of sale totaled $25,000.What was the gain or loss on the sale of the equipment? Record the sale of the equipment.

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The Answer of The Bomb Pop Corporation sold ice cream equipment for $16,000.They originally purchased the equipment for $40,000,and depreciation through the date of sale totaled $25,000.What was the gain or loss on the sale of the equipment? Record the sale of the equipment.

The Bomb Pop Corporation Sold Ice Cream Equipment for $16,000