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A machine that cost $36,000 and on which $26,000 of depreciation had been recorded was disposed of for $10,400. Indicate whether a gain or a loss should be recorded, and for what amount.
Illegal
Illegal refers to actions or activities that are forbidden by law and subject to legal penalties.
Bad News
Information that is unwelcome, disappointing, or negative in nature.
Whistle-Blowing
The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization by an employee or former employee.
Organization
An entity, such as a company, institution, or association, comprised of people and resources working towards common goals or objectives.
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