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Sale of Plant Asset Raine Company has a machine that originally cost 558,000 Depreciation has been recorded for four years using the straight-line method, with

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Sale of Plant Asset Raine Company has a machine that originally cost 558,000 Depreciation has been recorded for four years using the straight-line method, with a $5,000 estimated salvage value at the end of an expected ten-year life. After recording depreciation at the end of four years, Raine sells the machine, Determine the gain or loss in each scenario if the machine sold for: Scenario Gain, Loss, or Neither Amount 537.000 cash kain 36.800 x $36.800 cash neither 5 36,800 x C. 528.000 cash loss 36,800 X

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