11 Bart Company purchased equipment on January 1, 2016, at a total cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. If the straight-line method of depreciation is used, the amount of accumulated depreciation at December 31, 2017, is: out of question Select one: a. $160,000 b. $78,000 C. The answer does not exist d. $80,000 e. $156,000. 12 Sony Company has decided to sell one of its old machines on December 31, 2019. The machine was purchased for $88,000, and the accumulated depreciation was $ 68,000. If the machine was sold for $17,000, what was the amount of the gain or loss recorded at the time of the sale? put of question Select one: O a. $17,000 b. The answer does not exist C. $68,000 d. $16,000. e. $3,000 o