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On July 1, 2025, Carla Vista Production Company sells machinery for $174000. The machinery originally cost $390000, had an estimated 5-year life and an expected

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On July 1, 2025, Carla Vista Production Company sells machinery for $174000. The machinery originally cost $390000, had an estimated 5-year life and an expected salvage value of $45000. The Accumulated Depreciation account had a balance of $230000 on January 1, 2025 using the straight-line method. The gain or loss on disposal is $11000loss.$48500gain.$24250loss.$11000gain

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