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On December 3 1 , 2 0 2 4 , a company sold a machine for $ 2 0 , 0 0 0 that it

On December 31,2024, a company sold a machine for $20,000 that it had been using in its operations. The machine was originally purchased on January 1,2021, for $40,000, and it has been depreciated for four full years under the straight-line method with no salvage value and a 10-year useful life. What is the amount of the loss on the sale of the machine?\

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