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Dodson Company traded in a manual pressing machine for an automated pressing machine and gave $14,702 cash. These machines have dissimilar future cash flows. The
Dodson Company traded in a manual pressing machine for an automated pressing machine and gave $14,702 cash. These machines have dissimilar future cash flows. The old machine cost $177,809 and had a net book value of $141,219. The old machine had a fair value of $141,754. What is the amount of gain or loss from this transaction? If you calculate a loss, use a minus sign, i.e. -8000
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