On 1/1/X2, Herman Inc. decided to sell one of its machines for $15,000 cash. The following data are available for the machine as of the disposal date: Cost $125,000 Original estimated residual value 5,000 Accumulated Depreciation as of 12/31/X1 100,000 Question: How much gain or loss should be recorded on the sale of this asset

Sue peters is the controller at vroom, a car dealership. dale miller recently has been hired as the bookkeeper. dale wanted to attend a class in excel spreadsheets, so sue temporarily took over dale's duties, including overseeing a fund used for gas purchases before test drives. sue found a shortage in the fund and confronted dale when he returned to work. dale admitted that he occasionally uses the fund to pay for his own gas. sue estimated the shortage at $450. what should sue do?