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Boilermaker Co . purchased a machine at $ 5 , 0 0 0 on January 1 , 2 0 1 1 . The estimated useful

Boilermaker Co

.

purchased a machine at $

5, 000

on January

1, 2011 .

The estimated useful life was

7

years and the salvage value was $

100 .

On July

1, 2013,

Boilermaker sold this machine at $

3, 500 .

What is the gain

/

loss from this disposal?

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