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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 a company sold a machine for $ that it had been using in its operations. The machine was originally purchased on January for $ and it has been depreciated for four full years under the straightline method with no salvage value and a year useful life. What is the amount of the loss on the sale of the machine?
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