Nicklaus company has decided to sell one of its old machines on june 30, 2013. the machine was purchased for $160,000 on january 1, 2009, and was depreciated on a straight-line basis for 10 years with no salvage value. if the machine was sold for $52,000, what was the amount of the gain or loss recorded at the time of the sale?
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Home » Business » Nicklaus company has decided to sell one of its old machines on june 30, 2013. the machine was purchased for $160,000 on january 1, 2009, and was depreciated on a straight-line basis for 10 years with no salvage value.