A machine that cost $36,000 and on which $26,000 of depreciation had been recorded was disposed of for $10,400. 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 $36,000 and on which $26,000 of depreciation had been recorded was disposed of for $10,400. Indicate whether a gain or a loss should be recorded, and for what amount.

A Machine That Cost $36,000 and on Which $26,000 of Depreciation