calculation of terminal flowon june 30 1997 post, Financial Accounting

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calculation of terminal flowon june 30 1997 post

Calculation of terminal flow.

On June 30 1997, post sold for $230.000 a machine acquired in 1994 for $ 420.000. The accumulated depreciation for this machine was $216.000 at December 31, 1995, and the original estimated salvage value was $60,000. How much gain or loss on the disposal should post record in 1997?

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