The bomb pop corporation sold ice cream equipment for $13,200. they originally purchased the equipment for $36,000, and depreciation through the date of sale totaled $25,000. 1. what was the gain or loss on the sale of the equipment?

The bomb pop company bought the ice cream equipment for $36,000 and sold it for $13,200 so lost $22,800 from it (though they were able to sell a lot of ice cream I'm sure much more than the $22,800). The depreciation was $25,000 so they got $2200 more than the depreciation so that helped them a litttle.