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21 Not yet ad f Flag ti Orton Corporation, which has a December 31 fiscal year-end, purchased a new machine for $80,000 on April 1,
21 Not yet ad f Flag ti Orton Corporation, which has a December 31 fiscal year-end, purchased a new machine for $80,000 on April 1, 2015. At that time Orton expected to use the machine for nine years and then sell it for $8,000. The machine was sold for $46,000 on Sept. 30, 2020. Assuming straight-line depreciation, the gain to be recognized at the time of sale would be Select one: a. $18,000. b. $10,000. c. $6,000. d. $0
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