On September 1,20Y6, Feming Company sells machinery for $340,000. The machinery originally cost $600,000, had an estimated 5 year life and an expected salvage value of $100,000. The Accumulated Depreciation account had a balance of $400,000 at the date of the sale. The gain or loss on disposal is: 100.000 gain 260,0001055 140,000 gain 100,000 loss