On December 31, 2015, Haden Corp. sold a machine to Ryan and simultaneously leased it back for one year. Pertinent information at this date follows: 
In Haden's December 31, 2015 balance sheet, the deferred profit from the sale of this machine should be
Definitions:
Low-Value
Describes products, services, or assets that are considered to have a minimal worth or importance in comparison to others.
Bid-Rigging Cartel
An illegal agreement among competitors to fix bidding prices, eliminating competition in the market.
Winning Bid
refers to the highest offer made in an auction that is accepted by the seller, resulting in a sale.
Bidders Values
The subjective valuation individual bidders place on the item or service being auctioned.
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