Question: Please provide the solution to this general accounting question using proper accounting principles. Ivan Industries sold a machine for $3,500 on September 15th of the

Please provide the solution to this general accounting question using proper accounting principles.

Ivan Industries sold a machine for $3,500 on September 15th of the current year. The machine was purchased for $4,200. Ivan had taken $1,500 of depreciation deductions on the machine through the date of the sale. What is lvan's gain or loss realized on the machine

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