Need help finding how much money was lost its in the first picture with the...
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Need help finding how much money was lost its in the first picture with the information. The second picture is the requirements that need to be found. 
On January 1, 2017, Compass Manufacturing purchased a machine for $700,000 that it expected to have a useful life of four years. The company estimated that the residual value of the machine was $60,000. Compass Manufacturing used the machine for two years and sold it on January 1, 2019, for $150,000. As of December 31, 2018, the accumulated depreciation on the machine was $320,000 Read the reguirements 1. Calculate the gain or loss on the sale of the machinery Compass Manufacturing will record a loss ofson the sale of the machinery
Need help finding how much money was lost its in the first picture with the information. The second picture is the requirements that need to be found.
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