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What is the book value of the machine on december

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Question - Hamilton company purchased a machine for $6,600 on January 1, 2016. The machine has been depreciated using the S-L method assuming it has a five-year life with a $600 residual value. Hamilton sold the machine on January 1, 2018 for $8,400. What is the book value of the machine on December 31, 2017? What was the gain/loss?

Reference no: EM133182769

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