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What should be the loss recognized from the sale

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Question - Crane Company purchased a new machine on May 1, 2009 for $540000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $18000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2018, the machine was sold for $66000. What should be the loss recognized from the sale of the machine?

a. $30900.

b. $0.

c. $18000.

d. $12900.

Reference no: EM132529347

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