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A company acquired a machine on 7/1/14 for $225,000. The machine has a 5-year life and a 10% salvage value. Assuming straight line depreciation.... What
A company acquired a machine on 7/1/14 for $225,000. The machine has a 5-year life and a 10% salvage value. Assuming straight line depreciation....
What is the gain or (loss) if the machine is sold for $65,000 on 6/30/2019?
a. $11,000
b. $42,500
c. $16,000
d. none of the above
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