12 You received no credit for this question in the previous attempt. View previous attempt An asset was acquired on October 1, 2021, for $90,000 with an estimated five-year life and $19,600 residual value. The company uses units-of-production depreciation and expects the asset to produce 22,000 units. Calculate the gain or loss if the asset was sold on March 31, 2024, for $60,000. Actual production was: 2021 = 800 units; 2022 = 5,000 units; 2023 = 6,000 units; 2024 = 1,200 units. Print Multiple Choice $18,240 gain. $20,800 gain. $11,600 gain. $9,800 gain