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The machine was sold for 7000 depreciation for the first

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The records of Kirkham Inc. showed the following about a machine on January 1, 1999:Purchased on 1/1/96 for $35,000,Accumulated depreciation at January 1, 1999, $26,400.On July 1, 1999, the machine was sold for $7,000. Depreciation for the first six months of 1999 was $1,467. The gain or loss on disposal would be how much?

Reference no: EM13599505

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