Company management decided to sell a machine. The machine cost $ 75,000, had accumulated depreciation of $ 50,000, and was sold for $30,000 cash. What gain/loss, if any, should the company record for this sale? Multiple Choice $ 30,000 gain. $5,000 gain. $5,000 loss. $ 30,000 loss. No gain or loss.

Company mandgement declded to sell a machine. The mochine cost 575000 , hod sccumulated depreciation of $50,000, and was said for $30,000 cash. What oainloss, if ally -hocid the componty meard for thit inter Matople chaice. 530,000 pain 55,000 gain. 35,0004056 530,000 loss No gain or Moss