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Posted on Jun 07, 2024

Tamarisk Company purchased machinery for 7 3 5 0 0 0 on January 1 , 2 0 1 9 . Accumulated depreciation was 6 2

Tamarisk Company purchased machinery for

735000

on January

1, 2019 .

Accumulated depreciation was

624000

on December

31, 2025 .

The machinery was sold on January

1, 2026

for

94, 000 .

What gain or loss did Tamarisk record from the sale of the machinery?

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