21 4 points Equipment was acquired at the beginning of the year at a cost of $79,860. The equipment was depreciated using the straight-line method based upon an estimated useful life of 6 years and a residual value of $7.560 A. What was the depreciation expense for the first year? type your answer.. B. Assume the equipment was sold at the end of the first year (after recording depreciation). The sales price was $60.200. Calculate the loss on the sale type your answer