Question: On January 1 , 2 0 2 3 , Beachee Co . sold a machine for ( $ 2 8 , 0 0

On January 1,2023, Beachee Co. sold a machine for \(\$ 28,000\) that was purchased on January 1,2020. The machine cost \(\$ 75,000\) on that date and had a useful life of 5 years with no salvage value. Depreciation has been recorded through December 31,2022. When Beachee records the sale, it will recognize
a loss of \$47,000.
a gain of \(\$ 2,000\).
a loss of \$2,000.
a gain of \$28,000.
On January 1 , 2 0 2 3 , Beachee Co . sold a

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