A machine that cost $72,000 and on which $52,000 of depreciation had been recorded was disposed of for $20,800.Indicate whether a gain or a loss should be recorded,and for what amount.

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The Answer of A machine that cost $72,000 and on which $52,000 of depreciation had been recorded was disposed of for $20,800.Indicate whether a gain or a loss should be recorded,and for what amount.

A Machine That Cost $72,000 and on Which $52,000 of Depreciation