On January 1, 2017, Exclusive Manufacturing purchased a machine for $750,000 that it expected to have a useful life of four years. The company estimated that the residual value of the machine was $30,000. Exclusive Manufacturing used the machine for two years and sold it on January 1, 2019, for $300,000. As of December 31, 2018, the accumulated depreciation on the machine was $360,000. Read the requirements. 1. Calculate the gain or loss on the sale of the machinery. Exclusive Manufacturing will record a of $ on the sale of the machinery. A Requirements 1. Calculate the gain or loss on the sale of the machinery. 2. Record the sale of the machine on January 1, 2019. Print Print Done Done