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Find what should be loss recognized from sale of machine

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Ecker Company purchased a new machine on May 1, 2009 for $528,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $24,000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2018, the machine was sold for $72,000.

Problem 1: What should be the loss recognized from the sale of the machine?

Reference no: EM132767249

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