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01-04-2018
Business

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A company sold a machine that originally cost $250,000 for $120,000 when accumulated depreciation on the machine was $100,000. the gain or loss recorded on the sale of this machine is

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01-04-2018

$250000-$100000=$150000
$150000-$120000=$30000

So it's a gain, a gain of $30000
Hope this helps.

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