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Getz Company purchased a new machine on September 1, 2022, at a cost of $120,000. The company estimated that the machine will have a salvage

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Getz Company purchased a new machine on September 1, 2022, at a cost of $120,000. The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5 -year life. Assume the straight-line method is used. What amount of gain or loss would Getz recognize if they sell the asset for $45,000 on 1/1/24? (Round answer to 0 decimal places, eg. 15250.) eTextbook and Media List of Accounts Attempts: 0 of 1 used

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