Hamilton Company purchased a machine for $ $9900$ on January$1,20$X$6.$ The machine has been depreciated using the$$ straight$-$line method over a $9-$year life and $ $360$ residual value. Hamilton sold the machine on January$1,20$X$8,$ for $ $9000.$

What gain or loss should Hamilton record on the$$ sale?

Question content area bottom

Part $1$

A$.$

$$Gain$,$ $ $950$

B$.$

$$Gain$,$ $ $1220$

C$.$

$$Loss$,$ $ $270$

D$.$

$$Gain$,$ $ $1140$