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(Sale of Depreciable Asset) A company bought a machine on July 1, 2009, for $50,000. At that date, it was estimated to have a useful life of five years and a residual value of $5,000 at the end of its useful life. On December 31, 2012, the company sold the machine for $25,000. How will this sale be accounted for in the company”s financial statements?

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