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5. Baylor Inc. purchased a machine for $10,200 on January 1, 2014. The machine is depreciated using the SL method over an 8 year useful

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5. Baylor Inc. purchased a machine for $10,200 on January 1, 2014. The machine is depreciated using the SL method over an 8 year useful life and $800 residual value. Baylor sold the machine on January 1, 2016, for $8.900. What gain or loss should be recorded on the sale? A. Gain, $1,050 B. Loss, $125 C. Gain, $800 D. Loss, 1,050

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