Question: Marigold Corp. purchased a new machine on May 1, 2012 for $558000. At the time of acquisition, the machine was estimated to have a useful

Marigold Corp. purchased a new machine on May 1, 2012 for $558000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $22800. The company has recorded monthly depreciation using the straight-line method. On March 1, 2021, the machine was sold for $71400. What should be the loss recognized from the sale of the machine?

$36640.

$0.

$13840.

$22800.

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