Question: Sheffield Corp. purchased a new machine on May 1 , 2 0 1 7 for $ 5 5 2 0 0 0 . At the

Sheffield Corp. purchased a new machine on May 1,2017 for $552000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $21600. The company has recorded monthly depreciation using the straight-line method. On March 1,2026, the machine was sold for $73800. What should be the loss recognized from the sale of the machine?
Select answer from the options below
$9680.
$31280.
$21600.
$0.

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