SATURN CO PURCHASES A USED MACHINE FOR $110,000 CASH ON JANUARY 2 THE COMPANY PREDICTS THE MACHINE W
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SATURN CO PURCHASES A USED MACHINE FOR $110,000 CASH ON JANUARY 2 THE COMPANY PREDICTS THE MACHINE WILL BE USED FOR FIVE YEARS AND HAVE $10,000 SALVAGE VALUE THE DEPRECIATION METHOD USED BY SATURN CO IS STRAIGHT-LINE ON DECEMBER 31 AT THE END OF THE FOURTH YEAR IN OPERATION THE MACHINE WAS SOLD FOR $25,000 WHAT IS THE EFFECT OF THIS SALE?
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