Question: If a machine that cost $10,000 was estimated to have a salvage value of zero after a useful life of 10 years and was sold

If a machine that cost $10,000 was estimated to have a salvage value of zero after a useful life of 10 years and was sold for $4,500 after it had been owned for 6 complete years, what would be the amount of gain or loss recognized on the sale?

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