1. You may attempt the question twice within the allotted time frame of two hours Multiple This test allows 3 attempts. This is attempt number 1. Attempts Force This test can be saved and resumed later. Completion Question Completion Status: Moving to another question will save this response. Question 1 of 15 Question 1 6.67 points Save Answer A machine was that cost $64,800 and on which $36,000 of accumulated depreciation had been recorded was disposed of on January 2, the first day of business of the current year. The machine was sold for $36,000 cash. Calculate the gain or loss on sale of the machine. Oa Ob No Gain on on sale of machine $7,200 gain, no loss Gain on sale of machine $14,200 Loss on sale of machine $7,200 Od -ard Moving to another question will save this response. Question 1 of 15 Banner A AR W XP 12 Di FB FS & 6 7 8 5 9 0 0 T Y