Question 8 --/6.25 View Policies Current Attempt in Progress Vaughn Manufacturing, which has...
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Question 8 --/6.25 View Policies Current Attempt in Progress Vaughn Manufacturing, which has a calendar year accounting period, purchased a new machine for $89100 on April 1, 2016. At that time Vaughn expected to use the machine for nine years and then sell it for $89 10. The machine was sold for $47900 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 $3350 O$8910. O$5350. $0
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