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2 August, 09:05

Hampton purchased a machine two years ago for $5500. Over the last two years, Hampton has taken a total of $1900 of depreciation on the machine. Now, Hampton sells the machine for $2000 What is Hampton's gain or loss on this sale? (Input a gain as a positive number and a loss as a negative number) ?

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  1. 2 August, 12:44
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    -$1600

    Step-by-step explanation:

    The book value of the machine after 2 years is ...

    $5500 - 1900 = $3600

    If sold for $2000, the gain is ...

    $2000 - 3600 = - $1600

    The company lost $1600 on the sale.
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