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Waterway Company has decided to sell one of its old machines on June 30, 2021. The machine was purchased for $212000 on January 1, 2017,
Waterway Company has decided to sell one of its old machines on June 30, 2021. The machine was purchased for $212000 on January 1, 2017, and was depreciated on a straight-line basis for 10 years with no salvage value. If the machine was sold for $61000, what was the amount of the gain or loss recorded at the time of the sale? $58300. $55600. $151000. O $129800. A computer company has $2730000 in research and development costs. Before accounting for these costs, the net income of the company is $2030000. What is the amount of net income or loss after these R & D costs are accounted for? $0 O Cannot be determined from the information provided $700000 loss $2030000 net income
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