Given m∠LON\qquad m \angle LON m∠LON m, angle, L, O, N is a straight angle. m∠LOM=4x+30∘\qquad m \angle LOM = 4x + 30^\circ m∠LOM=4x+30 ∘ m, angle, L, O, M, equals, 4, x, plus, 30, degrees m∠MON=8x+90∘\qquad m \angle MON = 8x + 90^\circ m∠MON=8x+90 ∘ m, angle, M, O, N, equals, 8, x, plus, 90, degrees Find m∠MONm\angle MON m∠MON m, angle, M, O, N : OO O LL L NN N MM M ∘{}^{\circ} ∘ degrees Show Calculator Stuck?Watch a video or use a hint. Report a problem

Sumner had a loss of $9,750.

Step-by-step explanation:

Given:

Sumner sold equipment that it uses in its business for $30,200.

Sumner bought the equipment a few years ago for $79,900 and has claimed $39,950 of depreciation expense.

Now, to find the amount and character of Sumner's gain or loss.

Sumner sold equipment = $30,200.

Now:

Sumner bought equipment = $79,900.

And it had depreciation expenses = $39,950.

So, total cost of equipment after expenses = $79,900 -$39,950 = $39,950.

As we see the price of equipment purchased is more than the equipment sold.

Thus, it is a loss.

Now, to get the amount of loss we subtract the price of equipment purchased by the equipment sold:

Amount of loss = price at which equipment purchased - price of equipment sold.

Therefore, Sumner had a loss of $9,750.