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Tipton Manufacturing has a machine that cost $115,000 when new and has accumulated depreciation of $102,000, which it sold for $9000. The amount of gain
Tipton Manufacturing has a machine that cost $115,000 when new and has accumulated depreciation of $102,000, which it sold for $9000. The amount of gain or loss from this sale is: O a loss of $13,000 O a gain of $13,000 O a gain of $4000 a loss of $4000
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