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What the loss to be recognized from the sale is

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Question 1: On May 1, 2011, Platypus Ltd. purchased a new machine for $132,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated residual value of $6,000. The company has recorded monthly depreciation using the straight-line method. On March 1, 2020, the machine was sold for $18,000. The loss to be recognized from the sale is

Option A. $0.

Option B. $2,700.

Option C. $6,000.

Option D. $8,700.

Reference no: EM132499438

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