The following additional information is available: a. Cramer Company sells a machine to Ashland Company for $30,000 on July 1, 2017. At this date, the machine has a book value of $25,000 and an...

The following additional information is available:

a. Cramer Company sells a machine to Ashland Company for $30,000 on July 1, 2017. At this date, the machine has a book value of $25,000 and an estimated future life of five years. Straight-line depreciation (to the nearest month) is being used. For income tax purposes, the gain on the sale is taxable in the year of the sale.