Bowers Tucker
03/08/2023 · Junior High School
pters 9, 10, 11) Question 14 (3 points) - Nicklaus Company has a machine that cost \( \$ 88,000 \). - They decided to sell this machine on June 30,2020 . - The balance in the accumulated depreciation account on December 31,2019 after recording the - The annual depreciation was \( \$ 64,000 \). - The machine was sold for \( \$ 52,000 \). Using the straight line method, what was the amount of the gain or loss recorded at the time of the sale?
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The loss recorded at the time of the sale is **\$ 60,000**.
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