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A machine that cost $75,600 and on which $55,650 of depreciation had been recorded was...

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Accounting

A machine that cost $75,600 and on which $55,650 of depreciation had been recorded was disposed of for $21,420. Indicate whether a gain or loss should be recorded, and for what amount.

Amount of select one

gain or loss

 $enter a dollar amount of gain or loss

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