Question: Danube Corp. purchased a used machine for $14,000. The machine required installation costs of $7,000 and insurance while in transit of $1,900. At which of

Danube Corp. purchased a used machine for $14,000. The machine required installation costs of $7,000 and insurance while in transit of $1,900. At which of the following amounts would the machine be recorded? OA. $22,900 OB. $14,000 OC. $15,900 OD. $21,000 An asset was purchased for $30,000 on January 1, 2025. The asset's estimated useful life was five years, and its residual value was $7,000. The straight-line method of depreciation was used. Calculate the gain or loss if the asset is sold for $19,000 on December 31, 2025, the last day of the accounting period. OA. $3,200 gain OB. $6,400 loss OC. $6,400 gain OD. no gain or no loss

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