Question: On July 1 , 2 0 2 5 , Crane Production Company sells machinery for $ 2 4 9 0 0 0 . The machinery

On July 1,2025, Crane Production Company sells machinery for $249000. The machinery originally cost $470000, had an estimated 5-year life and an expected salvage value of $22000. The Accumulated Depreciation account had a balance of $273000 on January 1,2025 using the straight-line method. The gain or loss on disposal is
$96800 gain.
$48400 loss.
$2000 gain.
$2000 loss.
On July 1,2025, Crane Production Company sells machinery for $249000. The

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