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18 2 points Bryson Company purchased machinery for $900,000 on January 1,2019....

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Accounting

18
2 points
Bryson Company purchased machinery for $900,000 on January 1,2019. Accumulated Depreciation was $800,000 on December 31,2025. The machinery was sold on January 1,2026 for $120,000. What gain or loss did Bryson record from the sale of the machinery?
$20,000 loss
$100,000 loss
$100,000 gain
$20,000 gain
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