Question: Pls show the solution. Ecker Company purchased a new machine on May 1, 2002 for $176,000. At the time of acquisition, the machine was estimated

Pls show the solution. Pls show the solution. Ecker Company purchased a new machine on May

Ecker Company purchased a new machine on May 1, 2002 for $176,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $8,000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2011, the machine was sold for $24,000. What should be the loss recognized from the sale of the machine? $0. $3, 600. $8,000. $11, 600

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