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A firm acquired a $310000 machine that has a 4 year-life and a residual value of $27800. Depreciation is calculated using the straight-line method. The

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A firm acquired a $310000 machine that has a 4 year-life and a residual value of $27800. Depreciation is calculated using the straight-line method. The machine is sold at the end of the 5th year for $43600. What is the gain or loss on the sale of this asset? (Input a gain as a positive and a loss as a negative)

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