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Inessa05 [86]
4 years ago
11

Hampton purchased a machine two years ago for $5500. Over the last two years, Hampton has taken a total of $1900 of depreciation

on the machine. Now, Hampton sells the machine for $2000 What is Hampton's gain or loss on this sale? (Input a gain as a positive number and a loss as a negative number)?
Mathematics
1 answer:
antoniya [11.8K]4 years ago
3 0

Answer:

  -$1600

Step-by-step explanation:

The book value of the machine after 2 years is ...

  $5500 - 1900 = $3600

If sold for $2000, the gain is ...

  $2000 -3600 = -$1600

The company lost $1600 on the sale.

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