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Eagle corp exchanged an old machine with a cost of $ 9 0 , 0 0 0 , total accumulated depreciation of $ 5 0
Eagle corp exchanged an old machine with a cost of $ total accumulated depreciation of $ and a fair market value of $ for a similar new machine. In addition to the trade in of the old machine, eagle corp also paid $ cash. What amount of gain loss should the company record for the old asset that was exchanged?
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