Question: Boilermaker Co . purchased a machine at $ 5 , 0 0 0 on January 1 , 2 0 1 1 . The estimated useful

Boilermaker Co. purchased a machine at $5,000 on January 1,2011. The estimated useful life was 7 years and the salvage value was $100. On July 1,2013, Boilermaker sold this machine at $3,500. What is the gain/loss from this disposal?

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