Business, 10.05.2021 22:00, arangoaiden71

Bramble Corp., which has a calendar year accounting period, purchased a new machine for $99900 on April 1, 2016. At that time Bramble expected to use the machine for nine years and then sell it for $9990. The machine was sold for $53000 on Sept. 30, 2021. Assuming straight-line depreciation, no depreciation in the year of acquisition, and a full year of depreciation in the year of retirement, the gain to be recognized at the time of sale would be g

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Bramble Corp., which has a calendar year accounting period, purchased a new machine for $99900 on Ap...