A company sold a machine that originally cost $90,000 for $28,000 cash.The accumulated depreciation on this machine was $47,000 at the time of the sale.What was the company's gain or loss on this sale?

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The Answer of A company sold a machine that originally cost $90,000 for $28,000 cash.The accumulated depreciation on this machine was $47,000 at the time of the sale.What was the company's gain or loss on this sale?

A Company Sold a Machine That Originally Cost $90,000 for $28,000