On June 1, 2009 Morgan manufacturer acquired a machine for $100,000 with an estimated useful life of 5 years and an estimated residual value of $10,000.The company uses the double declining method of depreciation and takes a full year's depreciation in the year of acquisition and none in the year of disposition.If the machine was disposed of for $16,000 on May 1, 2011, what amount should the loss to be recognized on disposal be?

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The Answer of On June 1, 2009 Morgan manufacturer acquired a machine for $100,000 with an estimated useful life of 5 years and an estimated residual value of $10,000.The company uses the double declining method of depreciation and takes a full year's depreciation in the year of acquisition and none in the year of disposition.If the machine was disposed of for $16,000 on May 1, 2011, what amount should the loss to be recognized on disposal be?

On June 1, 2009 Morgan Manufacturer Acquired a Machine for $100,000