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A machine was bought for $10,000 on 1 January 20X6. It was sold on 30 September 20X9 for $5,000. The machine was depreciated using straight-line

A machine was bought for $10,000 on 1 January 20X6. It was sold on 30 September 20X9 for $5,000. The machine was depreciated using straight-line method over 10 years with no residual value. What is the gain or loss?

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