Ignoring tax consequences, how should the gain or loss on disposal of an old machine...

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Accounting

Ignoring tax consequences, how should the gain or loss on disposal of an old
machine be treated in an equipment replacement decision?
deducted from the accumulated amortization
deducted from the cost of the new machine
used to defray installation costs of the new machine
added to the accumulated amortization (or deducted from the cost) of the old
machine
It is irrelevant.
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