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What should be the loss recognized from the sale of machine

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Question - Concord Corporation purchased a new machine on May 1, 2012 for $559200. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $26400. 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?

a. $17160.

b. $0.

c. $43560.

d. $26400.

Reference no: EM132737145

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