Question: Bramble Corp. purchased a new machine on May 1, 2012 for $565200. At the time of acquisition, the machine was estimated to have a useful

Bramble Corp. purchased a new machine on May 1, 2012 for

Bramble Corp. purchased a new machine on May 1, 2012 for $565200. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $18600. The company has recorded monthly depreciation using the straightline method. On March 1, 2021, the machine was sold for $70800. What should be the loss recognized from the sale of the machine? $18600.$30170$0$11570

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