Answered

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a company sold a machine for 15,000$ in cash. The machine originally cost $38,000 and accumulated depreciation was 20,000

Sagot :

Parrain

Based on the original cost of the machine and the accumulated depreciation, the gain on the machine is -$3,000.

What is the gain on the machine?

First find the netbook value of the machine:

= Cost of machine - accumulated depreciation

= 38,000 - 20,000

= $18,000

The gain or loss is:

= Selling price - Net book value

= 15,000 - 18,000

= -$3,000

Find out more on gain on sales at https://brainly.com/question/13839711.

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