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Your Company purchased a machine for a total cost of $82,000. It was deprecated over...

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Accounting

Your Company purchased a machine for a total cost of $82,000. It was deprecated over 5 years with $2,000 of salvage value. The machine was sold for $30,000 cash on August 31 of year three. What was the gain or loss on the disposal of the machine? Enter a loss as a negative number (use a minus sign) and a gain as a positive number (just enter the number). ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DISCRIPTIONS.

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